COMPUTER PRO INC.

Enventis (formerly Hickory Tech) isn't trying to reinvent the wheel; it just offers good old telecom services to homes and businesses in the upper Midwest. Through subsidiaries, the company provides almost 40,000 residential and business customers with access lines in Iowa and Minnesota. It counts 20,000 broadband Internet customers and 11,000 digital television customers. It also offers fiber and data across five states with advanced data solutions, Ethernet, high-capacity transport, Internet, VoIP and unified hosted communications. In addition, its Enventis Information Solutions unit provides data processing services to other telecommunications companies.

Operations

Enventis operates in three segments: fiber and data; equipment; and telecom. Each segment accounts for roughly a third of sales. Its fiber network spans 4,200 fiber route miles with facilities-based operations in Iowa, Minnesota, North Dakota, South Dakota, and Wisconsin. The equipment division serves businesses with IT network design, and its telecom segment offers traditional bundled telecom services with voice, Internet, and digital television.

Geographic Reach

The company has a regional footprint in the upper Midwest -- Iowa, Minnesota, North Dakota, South Dakota, and Wisconsin.

Financial Performance

The company has enjoyed growing revenues since 2010, with overall sales growing 3% in 2013 to $189.2 million. The fiber and data segment saw double-digit growth of 11%, and the equipment segment also grew mainly through service revenue, as part of a plan to maximize this higher margin service revenue.

Only its legacy telecom business saw a decline of 4% from intense competition and alternative communication options as more customers choose VoIP products and services (which is offered by the fiber and data segment) but Enventis does sometimes lose out to national competitors.

Strategy

As fewer families use landlines, Enventis has been able to reposition itself from a regional telephone company to a 21st century advanced communications firm. Its long-term growth strategy focuses on business and broadband services by making strategic investments to grow the fiber and data segment (B2B and wholesale) to offset its legacy telecom business.

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COMPUTER PRO INC.


21 W Superior St Ste 200
Duluth, MN 55802-2189
Phone: 1 (218) 336-1000
www.cpinternet.com

STATS


  • Employer Type: Unknown
  • President: Chad Branfladg
  • Chief Financial Officer: Greg Fortman
  • Vice President: Greg Tarnowski

Major Office Locations

  • Duluth, MN

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