Midcontinent Communications Expanding Eastward
SIOUX FALLS, S.D. (AP) -- South Dakota-based Midcontinent Communications is buying the Minnesota and Wisconsin cable systems of New Jersey-based US Cable, which serve about 33,000 customers.
Midcontinent President and Chief Executive Officer Pat McAdaragh says the networks are within 100 miles of one another and will be connected, expanding Midcontinent's reach eastward.
Terms weren't disclosed. The deal is expected to close in late September, pending regulatory approval.
Midcontinent serves customers in 240 communities in South Dakota, North Dakota and Minnesota. If the deal with US Cable goes through, Midcontinent will have about 280,000 customers in those states and Wisconsin.
(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
