Midco Expands With Savage Communications Acquisition

Midco and Savage Communications Inc. have signed an asset purchase agreement under which Midco will gain subscribers and addresses-passed in Minnesota. SCI was founded in 1984 and serves almost 12,000 customers in central, eastern, and northeastern Minnesota. The company will pass almost 28,000 addresses by the end of 2025. The Midco acquisition of SDI is scheduled to close on October 1 and is subject to customary closing conditions including receipt of regulatory approvals. No financial details were included in the press release.