Nebraska-based Great Plains Communications (GPC) has entered into a definitive agreement to acquire family-owned Enhanced Telecommunications Corporation (ETC), which serves 14,000 customers across rural parts of south-eastern Indiana. The transaction is expected to close in the third quarter of 2020, following customary regulatory approvals. Financial terms of the acquisition have not been disclosed.
GPC currently presides over an extensive 11,500-mile fibre network, including long-haul and metro networks that span the state of Nebraska and extend into Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, South Dakota and Wyoming.
TeleGeography notes that GPC – which is said to be the largest privately owned telco in Nebraska – was acquired by private equity firm Grain Management in October 2018. In 2019 Grain went on to ink takeover deals for St Louis-based InterCarrier Networks (via GPC), Arkansas-based Ritter Communications, Oregon-based Hunter Communications and Florida-based Summit Broadband.