Rural telco HickoryTech reaches 20,000 DSL subscriber milestone

HickoryTech (Nasdaq: HTCO), an independent ILEC serving rural areas in Minnesota may not be the largest carrier, but reaching its 20,000 DSL subscriber milestone shows that smaller communities' thirst for broadband is just as strong as it in larger NFL cities.

In total, HickoryTech now offers DSL and other high-speed Internet service to 34 rural communities through an ongoing broadband network upgrade process.

Like other telcos, HickoryTech has continued to update the speeds of its DSL service with up to 20 Mbps speeds for residential customers and 45 Mbps speeds for business customers in certain areas of its footprint. Separately, it also offers fiber-based Ethernet and traditional OC-based services to businesses through its Eventis subsidiary.

Since launching the service in 1999, HickoryTech said it has achieved a compound annual growth rate (CAGR) of 37 percent with its DSL subscriber growth.           

The service provider's DSL milestone follows its 10,000 Digital TV subscriber milestone that it reached last October.  

For more:
- see the release

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