Iowa Telecommunications Services, Inc. (NYSE: IWA) today announced operating results for the second quarter ended June 30, 2008. Quarterly highlights for the Company include:
Operating revenues were $58.2 million.
Operating income was $16.6 million.
Net income was $5.3 million or $0.16 per diluted share.
Adjusted EBITDA (as defined herein) was $30.3 million.
“We are very pleased with our [...]
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Iowa Telecommunications Services, Inc. (NYSE:IWA) today announced that the communications company has completed its acquisition of Bishop Communications Corporation, headquartered in Annandale, Minnesota for the purchase price of approximately $43.9 million. Bishop Communications is a privately held holding company whose operations include the Lakedale Telephone Company, a rural telecommunications provider covering 378 square miles in [...]
Iowa Telecommunications Services, Inc. (NYSE: IWA) announced today that it has reached an agreement to acquire Bishop Communications Corporation for $43.9 million, subject to certain balance sheet adjustments. Bishop Communications is a privately held holding company whose operations include the Lakedale Telephone Company, a rural telecommunications provider covering 378 square miles in central Minnesota.
“This [...]
