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 [...]