INDIANAPOLIS – Hoosier Net, LLC, a consortium of internet service providers, announces today that it has received investment from Accord Telecommunications Collaborative, LLC, a group composed of 21 Rural Electric Membership Cooperatives (REMCs) and telephone cooperatives. This will make Hoosier Net the first statewide network composed of both telephone companies and electric cooperatives. The investment comes at a critical time for Hoosier Net, as federal and state authorities prepare to distribute billions of dollars in broadband grant funds under the Infrastructure Investment and Jobs Act's Broadband Equity, Access, and Deployment (BEAD) Program.
Hoosier Net will be able to leverage integrated and complementary assets due to Accord's investment and partnership to achieve statewide scale and facilitate broadband deployment in rural areas.
Read the full press release here.
