Recent rumors had suggested Surewest Communications was on the verge of being acquired by Google. As it turns out, that was only half right. Surewest Communications this morning announced that the company has been acquired -- by Consolidated Communications Holdings (see our user reviews) for $340 Million. SureWest currently serves 130,000 residential subscribers and 15,700 commercial businesses in the greater Kansas City and Sacramento regions, offering a combination of cable and limited fiber to the home services. "This transaction combines our cash flow-generating business with SureWest's growth-oriented strategy, resulting in a financially strong company with a robust balance sheet and attractive dividend payout ratio," Consolidated CEO Bob Currey said in a press statement.
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SureWest Sold to Consolidated Communications - $340 Million Deal For 145,700 Customers
Posted: February 6th, 2012, 5:43am MST