Schurz Communications Buys Ohio Fiber Provider
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Mishawaka-based Schurz Communications Inc. is adding to its broadband portfolio. The company has acquired The New Knoxville Telephone Co, a fiber provider based in Ohio, marking its sixth broadband acquisition.
Financial terms of the deal were not disclosed. Schurz says NKTelco will continue to operate under its own brand and will be managed in New Knoxville, Ohio.
“Schurz’ acquisition of NKTelco helps to extend our broadband footprint across the country and furthers our mission of uniting people through communications services,” said Todd Schurz, president of Schurz Communications Inc. “NKTelco is fully dedicated to providing the best possible communication services for its customers. We are beyond pleased to welcome NKTelco into the Schurz family and we look forward to supporting the business which will continue to be managed, serviced, and operated locally.”
NKTelco provides data, voice, and video services for residential communities and businesses in West Central Ohio.
“The added support will enable us to more quickly expand our regional fiber network and add new services for our customers,” said Preston Meyer, general manager of NKTelco. “And we are thrilled that the partnership also means expanded opportunities for NKTelco employees and greater involvement within our local communities.”
As part of the deal, Schurz became an owner of NKTelco’s 4.5% investment in Ohio-based Com Net Inc, which Schurz says will “enable greater connectivity throughout the state.”
Schurz’ other regional broadband businesses include Antietam Broadband in Maryland, Burlington Telecom in Vermont, and Hiawatha Broadband in Minnesota, among others.