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MANKATO, Minn. – Oct. 18, 2010 – HickoryTech Corporation (Nasdaq: HTCO) announced today it has surpassed 10,000 Digital TV subscribers. This milestone demonstrates HickoryTech’s long-term commitment and success in growing its broadband services throughout southern Minnesota. “We’re proud of our broadband expansion and excited to reach this Digital TV milestone,” said Damon Dutz, president of HickoryTech’s Consumer and Network Solutions Division. “On behalf of our entire HickoryTech team, we appreciate the loyalty of our customers and are committed to providing competitive broadband services and outstanding local support to our neighbors and friends in the communities we serve.”
HickoryTech’s telecom markets continue to be an important part of its operations as the company has evolved from being a fixed wireline provider to being a competitive broadband service provider. Since 2005, HickoryTech has achieved a compound average growth rate of 32 percent with its Digital TV subscribers as the company expanded to new communities and enhanced its Digital TV service offering. In May, HickoryTech expanded its Digital TV services to Vernon Center, Minn. and Garden City, Minn. In August, the company launched Digital TV services in Madison Lake, Minn. and will add Digital TV services in Good Thunder, Minn. in late October, expanding its Digital TV service area to 18 southern Minnesota communities. Since 2008, HickoryTech has further expanded its service capabilities with Digital Video Recorder (DVR), more than 50 High Definition (HD) channels and an exclusive interactive media service with on-demand weather and news now available in 13 communities. HickoryTech continues to enhance its Digital TV content by adding more channels, including the recent addition of NFL Network. Digital TV is not the only broadband growth driver for HickoryTech. The company’s high-speed DSL subscribers have increased 51 percent in the past five years driven by increased market penetration. HickoryTech has just under 20,000 DSL subscribers and offers speeds up to 20 Mbps.
About HickoryTech HickoryTech Corporation (dba HickoryTech and Enventis) is a leading integrated communications provider in the markets it serves. With headquarters in Mankato, Minn., the corporation has approximately 450 employees and a regional fiber network with facilities-based operations in Minnesota and Iowa. Enventis serves businesses of all sizes across a five-state region with IP-based voice, data and network solutions. HickoryTech provides bundled residential and business services including high-speed Internet, Digital TV and voice services in its legacy telecom markets. The Company trades on the Nasdaq Stock Exchange, symbol: HTCO. For more information, visit www.hickorytech.com.
