HickoryTech grows up

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By Steve Alexander, Star Tribune

HickoryTech (NASDAQ: HTCO), once a 19th-century small-town telephone company, aims to become a 21st-century regional telecommunications firm.

Over the past two decades, the Mankato-based firm has expanded from its local phone company roots to become a statewide provider of business telephone and Internet services over a growing fiber-optic network. The company’s shift to business services was based partly on the assumption — which proved correct — that demand for wired residential phone service would decline while competition for home Internet service and consumer cellphone service would become intense, said John Finke, the CEO.”

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