My Price County
Registered: Apr 09, 2019
| PRICE COUNTY TELEPHONE COMPANY ACQUIRED BY NORVADO
Norvado, a company based in Cable, Wisconsin, is furthering its efforts to connect Wisconsin's rural residents by acquiring Price County Telephone Company, PCTC, headquartered in Phillips. The cooperative's purchase of the company took effect today, May 1, 2019.
"This purchase signals a significant step forward for Norvado and for the people of Price County," said Norvado CEO Chad Young. "During this process, our board and managers were very clear they only wanted to pursue this acquisition if it benefited both our existing members and Price County's customers. We believe adding Price County to the Norvado family not only strengthens our position in the future but also allows us to deliver crucial Internet connections to more rural people in our state."
Price County's network and staff, which serve about 3,000 customers, will operate going forward under the Norvado brand. Norvado has about 8,000 customers with an office in Cable, Wisconsin and now offices in Phillips and Park Falls.
Current plans call for all offices to remain open. Norvado plans to retain the eleven former Price County Telephone Company employees, enabling them to continue serving their community.
"The decision to sell has not been an easy one," said Catherine Mess, former President of PCTC. "Price County Telephone Company formed on May 1, 1900, and our family has been involved since March of 1913."
"We are confident the sale to Norvado is in the best interests of our stockholders, our employees, and most of all, our customers," John Mess, former general manager added.
"For more than 60 years, the residents of businesses of the Chequamegon area have benefited greatly from our innovative approach to communications technology," Young said. "We now have an opportunity to bring that approach to another rural area of our state and help the people of Price County thrive up here."
Norvado is a home-grown leader and pioneer of fiber optic Internet, HDTV, phone, smart home, and business solutions. Since 1950, the cooperative has been helping the Chequamegon area thrive through innovation in communications.
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[Edited by My Price County on May 02, 2019 at 07:04 AM]