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Arvig Enterprises finalizes purchase agreement with Diversicom

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Arvig Enterprises, (dba Arvig Communication Systems or ACS) announced recently that they have reached an agreement to acquire Diversicom and its subsidiaries, which include: Melrose Telephone Company, Mainstreet Communications, and Wisper Wireless. The companies are headquartered in Melrose and Sauk Centre.

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David Arvig, Vice President/Chief Operating Officer of Arvig Communication Systems stated that, "Diversicom is a well run, progressive company that complements ACS in many ways. The location of the properties in Minnesota makes it a perfect fit for us. The Diversicom acquisition aligns with our goal of continuing to grow our communications and entertainment businesses."

Tom Arvig, a member of the Diversicom board, commented on the transaction by stating that "ACS is a leader in our industry and has done an outstanding job of growing their business in challenging times. ACS shares our commitment to both customer service and strong community involvement."

The purchase will become effective upon receipt of required regulatory approvals. The companies will operate as wholly owned subsidiaries of Arvig Enterprises and customers will continue to receive their telecommunication services from Diversicom.

ACS is a full-service telecommunications provider. In addition to high-speed Internet access, digital television, and local telephone service, ACS also provides business telephone systems, security solutions, Verizon wireless phones and service, and more. For more information, visit online at www.arvig.com.

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