NEW ULM - NU-Telecom announced the completion of its acquisition of Sleepy Eye Telephone Company, effective Dec. 31, 2012.
This transaction is a result of the spin-off from Hector Communications Corporation, which was jointly owned by New Ulm Telecom, Inc., Arvig Enterprises, Inc. and Blue Earth Valley Communications, Inc. The three owner/shareholder companies of Hector Communications entered into a spin-off agreement under which Hector agreed to distribute its independent local exchange company subsidiaries to its three owners/shareholders. As a result of this acquisition, NU-Telecom will now also serve the communities of Sleepy Eye, Goodhue, Hanska, White Rock, Mazeppa and Bellchester.
Bill Otis, CEO of NU-Telecom, stated, "We look forward to serving Sleepy Eye, Goodhue and the surrounding areas under the NU-Telecom name. Customers in these areas will continue to enjoy the convenience of local support, yet have access to new products, services and the expanded expertise of the NU-Telecom staff. NU-Telecom is committed to being involved in the communities we serve, and we are excited about these new opportunities."
NU-Telecom is a well established communications company with headquarters in New Ulm, that provides voice, Digital TV, Internet, Managed Services, computer sales and computer repair services. NU-Telecom sells and services cellular phones and accessories and customer premise equipment. NU-Telecom serves the Minnesota communities of New Ulm, Glencoe, Goodhue, Hutchinson, Litchfield, Redwood Falls, Sleepy Eye and Springfield as well as Aurelia, Iowa. NU-Telecom also operates TechTrends, a technology retail store, located in New Ulm. In addition, NU-Telecom offers television and Internet services in Cologne, Mayer and New Germany. NU-Telecom also holds partial ownership in FiberComm, LC, based in Sioux City, Iowa.
New Ulm Telecom, Inc. is a publicly held corporation with a symbol of NULM.OB. For more information visit www.nutelecom.net.