Enventis (Hickory Tech Corporation)
| Public | |
| ISIN | 🆔 |
| Industry | Telecom Services |
| Founded 📆 | 1898 |
| Founder 👔 | |
| Headquarters 🏙️ | Mankato, Minnesota |
Area served 🗺️ | |
Key people | Mr. John W. Finke |
| Members | |
Number of employees | |
| Parent | Consolidated Communications |
| 🌐 Website | http://www.enventis.com |
| 📇 Address | |
| 📞 telephone | |
HickoryTech Corporation (NASDAQ: HTCO) is an integrated communication service provider. The company operates its business under the name of HickoryTech and Enventis through three segments including Fiber and Data, Equipment, and Telecom. The company was founded in 1898 and is headquartered in Mankato, Minnesota. It is a supplier of Smartnet maintenance contracts with its partner, Cisco systems. The company’s telecom segment serves about 13 Minnesota communities and 13 Iowa communities.[1] HickoryTech operates a five-state fiber network spanning 3,250 route miles across Minnesota and into Iowa, North Dakota, South Dakota and Wisconsin and provides communication services to individual and enterprise customers.[2] In 1997, Enventis became the nation’s 30th largest telephone company after a $35.2 million acquisition of 11 Iowa exchanges [3] As of November 2011, the company was listed as No. 83 in the list of America’s Best Small Company by Forbes.[4]
Business
HickoryTech delivers broadband, internet, digital television and data services while Enventis offers business internet protocol voice, data and video solutions[buzzword], MPLS networking, data center and other communication systems[2] The name of the company has been unified as Enventis due to brand unification[3] Its competitors include Lumos Networks, General Communication, Inc., CenturyLink, Inc., and Cincinnati Bell, Inc. etc.[2]
History
In 1898, Mankato Citizen’s Telephone Company was founded in Mankato, Minn. Thirty years later, the Federal government seized control of large telephone companies and divided Minnesota: Northwestern Bell and Tri-State. MCTC is the largest of 1,719 independent telephone companies in Minnesota. In 1949, HickoryTech became Minnesota’s largest independent telephone company. In 1985, the company launched as a holding company, parent to five subsidiaries: MCTC, MidComm, Computoservice Inc., Information and Communication Service Inc., and Mid-Communications Cablevision Inc. HTCO is listed on the NASDAQ in 1995. Four years later, the Company launched DSL high-speed Internet services in Mankato, Minn. In 2013, all the products and services were aligned under one brand, Enventis.[3]
References
- ↑ "HTCO: Summary for Hickory Tech Corporation- Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-16.
- ↑ 2.0 2.1 2.2 "Hickory Tech Corporation: NASDAQ:HTCO quotes & news – Google". Retrieved 2014-03-16.
- ↑ 3.0 3.1 3.2 "Company History". Enventis.com. Retrieved 2014-03-17.
- ↑ "Hickory Tech #83 - Forbes". Forbes.com. 2011-11-30. Retrieved 2014-03-17.
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