Zayo Group Holdings, Inc. (NYSE: ZAYO) has announced that it has completed the sale of the Scott-Rice Telephone Co., a Minnesota ILEC (incumbent local exchange carrier), for USD 42 million to Nuvera (formerly New Ulm Telecom, Inc.), the company said.
Zayo acquired Scott-Rice Telephone as part of its March 2017 purchase of Electric Lightwave. Since the acquisition, it has been managed separately but within Zayo´s Allstream business segment. Scott-Rice Telephone serves residential and business customers in areas of Scott and Rice counties southwest of Minneapolis.
Zayo Group Holdings provides communications infrastructure solutions, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world´s businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. For more information, visit zayo.com.