Knology announced recently that it will pay $255 million to buy PrairieWave Communications, a voice, video and high-speed Internet broadband services provider in South Dakota.
Operating in South Dakota and in portions of Minnesota and Iowa, PrairieWave has more than 56,000 residential and 7,100 business customers, with most in areas around Sioux Falls and Rapid City, South Dakota.
"PrairieWave is a highly successful, customer-focused business that will expand Knology's footprint by adding meaningful scale to our existing operations," said Rodger L. Johnson, president and CEO of Knology. "PrairieWave has achieved excellent bundled penetration and attractive EBITDA and free cash flow margins, and we believe this acquisition will complement our continued focus on organic growth in the existing Knology markets."
For more information, check out the Black Hills Pioneer article PrairieWave Communications announces merger with Knology Inc..
