Rural Cable MSO Midcontinent is buying cable assets from US Cable, expanding their footprint across the Midwest. Sioux Falls, SD based Midcontinent currently has approximately 240K customers, spread across North Dakota, South Dakota, and Minnesota. With the US Cable asset acquisition, they are adding about 33K customers from Minnesota and Wisconsin. Terms were not disclosed.
“We’re excited about the opportunity to serve our new customers and become part of these communities,” said Pat McAdaragh, Midcontinent’s president and CEO in a press release. “We believe that these systems are a nice fit for us. The US Cable fiber network is within 100 miles of our fiber network and we plan to connect the two networks, thereby expanding our reach eastward and getting us into the main network operator interconnect location in Minneapolis.”
Ninety percent of the acquired US Cable assets are fiber fed providing “… the latest technology to smaller, rural communities.” For Midco, the move allows them to expand their footprint, providing a gateway into the Minneapolis market, which perhaps they can leverage in the future for business and enterprise applications.