South Dakota-based Midcontinent Communications is buying the Minnesota and Wisconsin cable systems of New Jersey-based U.S. Cable, which serve about 33,000 customers.
Midcontinent President and Chief Executive Officer Pat McAdaragh says the networks are within 100 miles of one another and will be connected, expanding Midcontinent's reach eastward.
McAdaragh did not disclose terms. The deal is expected to close in late September, pending regulatory approval.
Midcontinent serves customers in 240 communities in South Dakota, North Dakota and Minnesota. If the deal with U.S. Cable goes through, Midcontinent will have about 280,000 customers in those states and Wisconsin.