Rural Telecommunications Mergers & Acquisitions: One Iowa Provider Buys Another
In a deal between two broadband and telecommunications operators in rural southeast Iowa, Kalona Cooperative Technology Company (KCTC) acquired Farmers & Merchants Mutual Telephone Company (Famtel).The transaction was about two years in the making. The companies had shared ideas over the years and, in October 2022, the KCTC board of directors signed a letter of intent to acquire Farmtel.