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Country Road Acquires Maine RLEC for $28.5 M

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MORRISTOWN, N.J. & WINTHROP, Maine, March 10 -- Country Road Communications LLC, a 3-year-old telecom carrier based in New Jersey, announced last week it has signed a deal to acquire Community Service Telephone Co. (CST), a 100-year-old rural local exchange carrier (RLEC) based in Winthrop, Maine, for $28.5 million cash. CST provides voice and data communication services to more than 12,000 residential and business customers in 16 towns near Augusta and Lewiston/Auburn, Maine. Country Road previously acquired two other Maine-based RLECs: Saco River Telegraph and Telephone Co. in Bar Mills,...Read full article

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    Published: March 2003
    CommunicationsNews & Features

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