The U.S. Department of Agriculture (USDA) announced $192 million in loans for broadband projects by rural telecom carriers in eight states.
Administered by USDA Rural Development’s Rural Utilities Service (RUS), this financing is part of the $690 million investment during fiscal year 2011 and is in addition to the $3.5 billion in broadband funding RUS awarded for projects under the American Recovery and Reinvestment Act of 2009.
Award recipients include:
Iowa
Farmers Mutual Telephone Company: $18,205,000
Iowa and Missouri
IAMO Telephone Company: $14,972,000
Kansas
Wilson Telephone Company, Inc.: $14,312,000
Montana
3 Rivers Telephone Cooperative, Inc.: $70,000,000
Oregon
Molalla Telephone Company: $22,500,000
Texas
Coleman County Telephone Cooperative, Inc.: $22,540,000
Washington
Western Wahkiakum County Telephone Company: $12,708,000
Wisconsin
Baldwin Telecom, Inc.: $16,716,000http://www.usda.gov