BCN Telecom announced it has made a working capital and equity investment in Powercom, a privately held facilities-based telecommunications provider located in Beaver Dam, Wis., serving approximately 16,000 business and residential customers. As part of the investment structure, BCN Telecom will provide executive leadership of Powercom under a multiyear management control agreement. Powercom provides local phone service, long-distance and Internet access services spanning five Midwestern states with a concentration in Wisconsin and Minnesota. This marks the third strategic transaction for BCN Telecom within the last 18 months.
“The transaction with Powercom is a significant strategic step forward for BCN Telecom. We are expanding our footprint and presence in the Midwest region, adding facilities-based products to our portfolio and continuing to execute our revenue growth plans, said Dick Boudria, BCN Telecoms president and CEO. BCN is very enthusiastic about working with Powercom and continuing our combined industry success.
BCN Telecom www.bcntele.com
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October 16 2019 @ 18:12:06 UTC