Wednesday, July 27, 2011

USDA Announces $192 million in Loans for Broadband Projects

The U.S. Department of Agriculture (USDA) announced $192 million in loans for broadband projects by rural telecom carriers in eight states.


Administered by USDA Rural Development's Rural Utilities Service (RUS), this financing is part of the $690 million investment during fiscal year 2011 and is in addition to the $3.5 billion in broadband funding RUS awarded for projects under the American Recovery and Reinvestment Act of 2009.


Award recipients include:


Iowa

Farmers Mutual Telephone Company: $18,205,000


Iowa and Missouri

IAMO Telephone Company: $14,972,000


Kansas

Wilson Telephone Company, Inc.: $14,312,000


Montana

3 Rivers Telephone Cooperative, Inc.: $70,000,000


Oregon

Molalla Telephone Company: $22,500,000


Texas

Coleman County Telephone Cooperative, Inc.: $22,540,000


Washington

Western Wahkiakum County Telephone Company: $12,708,000


Wisconsin

Baldwin Telecom, Inc.: $16,716,000http://www.usda.gov

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