For Immediate Release:
September 25, 2012
Vice President of Marketing
Ritter Communications to Acquire Millington Telephone and Millington Cable Companies
Ritter Communications, a provider of advanced telecommunications services and broadband technologies to business and residential customers in northeast and north central Arkansas, has entered into definitive agreements to acquire Millington Telephone Company, Inc. and Millington CATV Inc., Ritter Chairman and CEO Dan Hatzenbuehler announced today.
The acquisitions are subject to regulatory approvals and other customary conditions to closing. Specific details of the agreements were not disclosed. The closing date for the purchases is expected to be by year end, Hatzenbuehler said.
“We have the greatest respect for Babe Howard, the Howard family and their accomplishments in this industry and their long history,” Hatzenbuehler said. “Our roots and theirs have common origins with regard to rural telecommunications, and we look forward to honoring their service to these communities and building on their accomplishments.”
“We couldn’t be happier with the choice of Ritter Communications to continue our family’s legacy,” states the family of Babe Howard. “Our father believed in the strength of people, and Ritter shares the same philosophy, which is evident in their own success. We believe it’s a very good fit and will provide great benefits to our customers and the communities we serve.”
Ritter currently serves 25,000 residential and business customers in more than 45 communities with phone services, cable TV, high speed Internet and advanced business technology solutions. The Millington acquisitions represent approximately 20,000 business and residential customers in parts of Shelby, Tipton, Haywood and Fayette counties in Tennessee.
“We are excited to extend Ritter’s professional expertise with our ‘Right by You’ values to the communities served by these companies,” said Ritter President Chip Dickinson.
Ritter’s record of excellent customer satisfaction starts with discovering what local communities want, identifying technical capabilities, and applying sophisticated communications technology to deliver superior offerings, Dickinson said.
“Whether it’s faster Internet speeds, more channels, advanced business services, or improved bundle options, we’re committed to making our service competitive, affordable and dependable,” Dickinson said. “Immediately after we assess Millington’s infrastructure, we will plan and install upgrades to enhance services, focusing on growth and the changing demands of customers.”
Ritter’s way of doing business embodies the values of the entire company, Dickinson said.
“As a family-owned and locally managed provider of telecommunications services, Ritter is both accessible and committed to the residents and businesses we serve,” Dickinson said. “We are here, Right by You, and believe in the power of doing what is right for the customer and for the community, Right by You.”
“We recognize Millington’s active history as an important corporate citizen,” Hatzenbuehler said. “From schools to municipal organizations to charitable events, we, too, enjoy rolling up our sleeves and getting involved in the things that matter to our customers.”
“Ritter's commitment to local communities is grounded in our identity as a fifth-generation family business, and demonstrated by our willingness to make long-term investments in the communications infrastructure of northeast Arkansas and now, western Tennessee,” Hatzenbuehler said. “We strive to be an innovative leader in all the markets we serve, and Millington will be no exception.”
About Ritter Communications
Ritter Communications, founded in Marked Tree and headquartered in Jonesboro, Arkansas, began providing phone service in northeast Arkansas in 1906. Ritter’s residential and business services include local and long distance phone service, cable television and high speed Internet, as well as customized business communications systems and services, including Web and e-mail hosting, custom networking, virtual services, hosted applications and remote data back-up services. For more information, visit www.getritter.info.
About Millington Telephone Company, Inc.
Millington Telephone Co. is a privately owned telephone company in operation since 1928. It is a full service communications company offering subscribers in a four-county area a range of voice, data products, and services for residential and business customers. The company serves four counties in west Tennessee, including Tipton County, which is one of the fastest growing areas in the state.
About Millington CATV Inc.
Millington CATV is a digital cable TV and broadband Internet provider serving business and residential customers in north Shelby County and south Tipton County since 1982.