HILLIARY COMMUNICATIONS TO PURCHASE TATUM TELEPHONE COMPANY AND ELECTRA TELEPHONE COMPANY IN TEXAS


Press Release Document

Lawton, OK – October 15, 2018 – Hilliary Communications has entered into an agreement with Townes Tele-Communication of Lewisville, Arkansas. Hilliary Communications to acquire the Telephone Companies of Electra Telephone and Tatum Telephone. The closing is subject to routine regulatory approvals which is expected to be completed by Year-end 2018.

Electra Telephone Company of Electra, Texas began in 1914. The company has a long history of providing phone services to residents and businesses of the Electra, Texas area for more than one hundred years. Currently they provide service to over 650 access lines in Wichita County in rural North Texas.

Tatum Telephone Company of Tatum, Texas was start in 1910, Townes purchased the company in the 1980’s. Currently they provide service to over 700 access lines across two counties in rural East Texas.

“We look forward to being involved in these communities. We are always looking to contribute to the communities we serve. In our existing markets, we are active in the local Chamber of Commerce’s, Town Councils, and School Foundations, to name few” – Edward Hilliary, Managing Partner Hilliary Communications

“We are continually looking for more acquisitions in both the ILEC and CLEC marketplace across the Southern US.” – Dustin Hilliary, Managing Partner Hilliary Communications, “We will assess every opportunity we come across.”

Hilliary Communications: Hilliary Communications operates two ILEC properties in Oklahoma and a rapidly growing CLEC in Oklahoma. Hilliary services over 7,000 subscribers in Oklahoma and North Texas and operates in excess of 900 route miles of fiber providing transport services. Hilliary Communications is currently deploying a new FTTH system to 8,000 new homes in Central Oklahoma.

Townes Tele-Communications, Inc. provides local and long distance, internet, broadband, and other telecommunications services. The company headquarters in Lewisville, Arkansas and other locations in Texas, Colorado, and Missouri.

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Media Contacts:

JJ Francais

Director of Special Projects

Office: (580) 529-5000

Cell: (580) 678-9450

Benne Brewer

Director of Strategic Partnerships

Office: (580) 529-5000

Cell: (580) 284-0540

benne.brewer@hillcom.net