USDA makes $26.4M loan for rural Texas broadbandAugust 15, 2014
WINDTHORST, Texas (AP) — The U.S. Department of Agriculture will provide more than $26 million in loans to a North Texas company to improve broadband service for rural customers.
Agriculture Secretary Tom Vilsack on Friday announced the Texas funding as part of nearly $40 million to also benefit projects in Minnesota and North Dakota.
Community Telephone Company Inc. in Windthorst, about 20 miles south of Wichita Falls, plans to replace an outdated copper system with a fiber-to-the-premises network. Community Telephone will make system improvements in its six exchanges as part of the $26.4 million funding.
Further details on the planned improvements in Texas weren't immediately available Friday.