GVTC cooperative gives members big payday

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.

For more:
- check out this coverage at The San Antonio Business Journal

Suggested Articles

Microsoft announced that it is committing to becoming carbon negative by 2030 and that it will eliminate all past carbon emissions by 2050.

In 2017, Amazon's CEO and senior leadership team sought $1 billion in additional economic incentives for real estate projects around the country.

Colt Technology Services announced on Thursday that it has hired Annette Geuther as its vice president of new business development.