The USDA Rural Development’s Rural Utilities Service announced almost $40 million in loans for telecom projects in Georgia, Illinois, Iowa, Kansas, North Dakota, Montana and Oklahoma. The financing will be used to construct more than 1,000 miles of FTTP systems in rural areas. Recipients include:
Georgia
Pembroke Telephone Company; $11,954,000
Illinois
Alhambra-Grantfork Telephone Company; $8,775,000
Woodhull Telephone Company; $3,403,000
Oneida Telephone Company; $2,619,000
Iowa
Minburn Telephone Company; $2,921,000
Kansas
Zenda Telephone Company; $2,950,000
North Dakota/Montana
Reservation Telephone Cooperative; $2,293,000
Oklahoma
Medicine Park Telephone Company; $4,236,000
USDA Rural Development funded more than 16,000 miles of FTTP projects during fiscal year 2010 to upgrade, expand or replace networks and perform system maintenance. http://www.usda.gov