IPO Profile

Iowa Telecom Services
115 S. Second Avenue West Newton, Iowa 50208
Tel: 641-787-2000
Web:
Ticker: IOWA
Amount Raised: $362,900,000.00

Description:
In addition to our basic local service and network access businesses, we provide long distance service, dial-up and DSL Internet access and other communications services. Our strong incumbent market position gives us a platform to cross-sell these additional services to our customers. From 2001 to 2003, the growth in revenues from these additional services contributed to an increase in our average annual revenue per access line from $716 to $764. Our business began on June 30, 2000, when we acquired the Iowa operations of GTE Midwest Incorporated, or GTE. We refer to this transaction as the �GTE acquisition.� We believe we are building strong consumer loyalty and brand recognition by providing superior, locally-focused customer service and maintaining strong ties to our rural communities. Our stable customer base, combined with the higher costs of offering competitive wireline services, leads to limited competition in rural regions compared to urban areas.