GVTC Communications, the largest rural telephone cooperative in Texas, will issue a $4.96 million pay-out to its member-owners late next month. The 42,000-line, non-profit cooperative returns all revenue gains above its costs back to its members, and 2007 was an especially profitable year, which GVTC (Guadalupe Valley Telephone Cooperative) officials attribute to new service launches and better customer service. Members will get their pay-back in the form of capital credit checks at the cooperative's annual meeting in New Braunfels, Tex., on June 25.
GVTC accomplished the revenue gains while in pursuit of a $35 million fiber-to-the-home project, so large and small telcos and cooperative alike may want to take come cues from GVTC on how to keep revenue engines running amid challenging economic times.
- check out this coverage at The San Antonio Business Journal