Rochester,NY 8/20/2009 10:06:53 PM
Hickory Tech Corp. HTCO Completes Acquisition of CP Telecom
Hickory Tech Corp.
Hickory Tech Corporation announced that it has completed its acquisition of CP Telecom, a privately held facilities-based telecom provider, serving Minneapolis, St. Paul and northern Minnesota, for the purchase price of $7 million, plus routine working capital adjustments.
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HickoryTech funded this acquisition with cash on hand and did not incur any additional debt.
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