Great Plains Communications completes InterCarrier Networks deal
Nebraska-based telecommunications provider Great Plains Communications has acquired regional fibre-optic carrier InterCarrier Networks (ICN).
The acquisition of the ICN, which is a high-capacity, fibre-optic network carrier with unique routes in Illinois, Indiana, the St. Louis metro area, and Kentucky, adds over 2,000 fibre broadband miles in Illinois, Indiana, and underserved areas of Kentucky.
“The Great Plains Communications vision has always been strategic growth in anticipation of the current and long-term needs of our customers,” said Todd Foje, CEO of Great Plains Communications.
“InterCarrier Networks is a valuable addition, enabling us to extend our market along existing ICN routes in Illinois and Indiana, while providing an exciting opportunity to bring new communications routes with valuable fibre broadband into two major underserved Kentucky markets. We look forward to serving these customers with the modern services and speeds they need to meet their goals and grow their businesses.”
Headquartered in St. Louis, InterCarrier Networks provides critical bandwidth infrastructure solutions to telecommunications carriers and major enterprises in Midwestern markets where cost-effective bandwidth transport has traditionally been difficult to obtain. Its services are delivered over a high-quality, ring-structured fibre-optic network covering 2,037 route miles.
First announced in May 2019, the ICN acquisition follows private equity firm Grain Management’s October 2018 platform investment in Great Plains Communications. “This strategic expansion is an early win towards our goal of accelerating growth to meet rising bandwidth demands,” said Chad Crank, managing director at Grain.
“We continue to leverage Grain’s deep industry relationships to source high-value, strategic investments, and we are excited by the opportunities we continue to see to expand in the region and increase value.”
Financial terms of the transaction were not disclosed.