New Knoxvile, OH – NKTelco, a leading communications provider in Ohio, announced a deal to purchase Hometown Cable.
Hometown Cable Company (HTC), headquartered in Coldwater, Ohio, was formed in 2005 to deliver fiber-to-the-home in Mercer County. Later it expanded it services into the wireless sector and began serving neighboring counties, Darke and Preble, with fixed internet connections. HTC built its business model around providing telecommunication resources to unincorporated areas that were largely underserved.
“NKTelco has extensive experience working with communities of this size,” said Preston Meyer, General Manager of NKTelco. "We have worked side by side with the Hometown team for years and welcome them to the NKTelco family. Effective immediately, all employees are part of NKTelco,” said Meyer.
NKTelco is owned by Schurz Communications and operates locally as a fiber provider offering data, voice, and video services to residential and business customers in communities in West Central Ohio. NKTelco has a long history of expanding its fiber network to provide the best service possible to its customers. Currently, NKTelco serves the New Knoxville, New Bremen, Minster, Ft. Loramie, Botkins, Anna, Maria Stein, Chickasaw, Osgood, Russia, Jackson Center, Sidney, Piqua, Versailles, Coldwater, St. Henry, and Montezuma communities.
True North Strategic Advisors provided advisory services to Hometown Cable in this transaction.