New Ulm Telecom, Inc. (“New Ulm”) (OTCBB: NULM) announced that an agreement was reached with Iowa Telecommunications Services, Inc. (“ITS”) under which New Ulm will sell to ITS its equity ownership interests in SHAL, LLC (33.33%), SHAL Networks, Inc. (33.33%), Direct Communications, LLC (33.33%) and En-Tel Communications, LLC (approximately 30.88%) for approximately $1.7 million in [...]

Iowa Telecommunications Services, Inc. (NYSE: IWA) announced that it has reached an agreement to acquire New Ulm Telecom Inc.’s ownership interests in En-Tel Communications, LLC, SHAL, LLC, and SHAL Networks, Inc. for $1.7 million, subject to specified customary adjustments. New Ulm Telecom is based in New Ulm, Minnesota.
SHAL owns and leases a 2,500-mile fiber-optic [...]

Iowa Telecommunications Services, Inc. (NYSE Symbol: IWA) today announced it will participate in the Deutsche Bank Media & Telecom Conference in West Palm Beach, Florida on Tuesday, March 3, 2009. Craig A. Knock, vice president, chief financial officer and treasurer, will be speaking at the conference.
An online simulcast and replay of the Company’s presentation [...]