Great Plains Communications, the largest privately-owned telecommunications provider in Nebraska, has completed its acquisition of InterCarrier Networks (ICN), a high-capacity, fiber-optic network carrier with routes in Illinois, Indiana, the St. Louis metro area and Kentucky.
In mid-May, Telecompetitor reported the planned purchase.
St. Louis-based InterCarrier Networks operates a 2,037 route mile fiber network serving telecommunications carriers and enterprises in Midwestern markets where bandwidth transport has traditionally been difficult to obtain, according to the announcement. The company’s services are delivered over a ring-structured fiber-optic network.
“The Great Plains Communications vision has always been strategic growth in anticipation of the current and long-term needs of our customers,” said Todd Foje, CEO of Great Plains Communications, in a prepared statement. “InterCarrier Networks is a valuable addition, enabling us to extend our market along existing ICN routes in Illinois and Indiana, while providing an exciting opportunity to bring new communications routes with valuable fiber broadband into two major underserved Kentucky markets.”
The ICN acquisition follows Grain Management’s October 2018 platform investment in Great Plains Communications.
“This strategic expansion is an early win towards our goal of accelerating growth to meet rising bandwidth demands,” said Chad Crank, Grain Management managing director, in a prepared statement. “We continue to leverage Grain’s deep industry relationships to source high-value, strategic investments, and we are excited by the opportunities we continue to see to expand in the region and increase value.”
Financial terms of the transaction were not disclosed. Great Plains Communications delivers high speed Internet, cable television, and voice services to over 90 communities across the state.