Arvig acquires four telecommunications companies



Via Wadena Pioneer Journal

Arvig Enterprises, Inc. of Perham yesterday announced the completion of its acquisition of Arrowhead Communications, Eagle Valley Telephone Company, Felton Telephone Company and Loretel Systems.

These four Minnesota-based companies are being spun off from Hector Communications Corporation, which is jointly owned by New Ulm Telecom, Inc., Arvig Enterprises, Inc. and Blue Earth Valley Communications, Inc. The three owner/shareholder companies of Hector Communications entered into a spin-off agreement under which Hector agreed to distribute its independent local exchange company subsidiaries to its three owners/shareholders.”

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