FCC Announces $18 Billion E-ACAM Funds to Expand Broadband in Rural Areas
The United States Federal Communications Commission (FCC) has been implementing various programs to bridge the digital divide and provide high-speed internet in rural areas. One such program is the Connect America Fund (CAF), which provides financial support to telecom carriers that offer broadband and voice services in high-cost areas. However, there were concerns about the accuracy of CAF’s cost model and its ability to determine appropriate support amounts for eligible carriers. In response to these concerns, the FCC launched a proceeding to develop an alternative cost model that would better reflect the costs of deploying broadband and voice services in rural areas.
The Enhanced Alternative Connect America Cost Model (EACAM) was developed by the FCC in 2016. It is designed to determine the amount of support that should be provided to eligible telecommunications carriers in order to deploy broadband and voice services to rural areas. In October of 2023, ECAM announced the release of $18 Billion to rural network providers. These funds will be used for internet connectivity builds, network equipment and purchasing IPv4 addresses.
EACAM is a forward-looking cost model that takes into account various factors such as technology, geography, and density to determine the cost of deploying broadband and voice services in a particular area. It also includes updated data on construction costs, equipment prices, and labor expenses.
The model allows for flexibility in calculating support amounts based on different scenarios, such as varying service speeds and deployment timelines. This is important because the cost of deploying broadband can vary significantly depending on the type of technology used and the terrain of the area.
EACAM also incorporates a competitive bidding mechanism to ensure that support amounts are reasonable and cost-effective. This involves using market-based benchmarks to determine the maximum amount of support a carrier can receive for deploying broadband in a particular area. This promotes competition among carriers, leading to more efficient use of funds and better services for consumers.
The EACAM program has several benefits over the previous cost model used by the FCC. One major advantage is its ability to accurately reflect the costs of deploying broadband and voice services in rural areas, ensuring that eligible carriers receive adequate support to provide these services.
The competitive bidding mechanism also promotes efficiency and transparency in the distribution of funds, reducing potential waste and abuse. This results in better use of taxpayer dollars and more effective implementation of universal service policies.
Additionally, EACAM allows for flexibility in calculating support amounts, taking into account the unique characteristics and challenges of each rural area. This ensures that support is tailored to the specific needs of each community, leading to more targeted and impactful broadband deployment.
Here is a list of rural network providers that were awarded funds over a 15-year period.
| State | Holding Company | Funding Mechanism | Annual Distribution | Total 15 Distribution |
| AL | Farmers Telecommunications Cooperative, Inc. | BLS | $ 1,961,141 | $ 101,818,553 |
| AL | Future Fiber FinCo, LLC | ACAM | $ 2,002,419 | $ 32,038,704 |
| AL | Moundville Communications, Inc. | BLS | $ 341,909 | $ 9,675,629 |
| AL | New Hope Telephone Cooperative, Inc. (AL) | BLS | $ 457,160 | $ 49,785,002 |
| AL | Pine Belt Communications Co. Inc. | BLS | $ 773,877 | $ 29,793,258 |
| AL | Telephone & Data Systems, incl. UScellular | ACAM | $ 3,427,463 | $ 54,839,408 |
| AL | Troy Cablevision, Inc. | ACAM | $ 2,434,180 | $ 38,946,880 |
| AR | Central Arkansas Telephone Cooperative, Inc. | BLS | $ 780,701 | $ 50,248,687 |
| AR | D D & B, Inc. | BLS | $ 111,341 | $ 58,892,430 |
| AR | Dobson Technologies, Inc. | BLS | $ 118,382 | $ 15,630,172 |
| AR | MADCO Holding Company | BLS | $ 2,114,108 | $ 47,869,534 |
| AR | South Arkansas Telephone Co. | ACAM | $ 2,541,996 | $ 40,671,936 |
| AR | Southwest Arkansas Telephone Cooperative, Inc. | BLS | $ 2,075,217 | $ 129,783,946 |
| AR | Spectracomm, Inc. | ACAM | $ 2,031,200 | $ 39,303,580 |
| AR | Townes Telecommunications, Inc. | ACAM | $ 1,482,678 | $ 23,722,848 |
| AR | Yelcot Holding Group, Inc. | ACAM | $ 4,155,655 | $ 66,490,480 |
| AZ | Fort Mojave Telecommunications, Inc. | BLS | $ 207,353 | $ 28,630,182 |
| AZ | Ponderosa Communications, Inc. | ACAM | $ 5,165,242 | $ 82,643,872 |
| AZ | Telephone & Data Systems, incl. UScellular | ACAM | $ 3,700,515 | $ 59,208,240 |
| AZ | Wyyerd Group LLC | ACAM | $ 1,803,971 | $ 28,863,536 |
| CA | Bryan Family Inc. | ACAM | $ 1,352,715 | $ 21,643,440 |
| CA | LICT Corporation | ACAM | $ 3,099,343 | $ 49,589,488 |
| CA | Telephone & Data Systems, incl. UScellular | ACAM | $ 3,771,446 | $ 60,343,136 |
| CO | Agate Mutual Telephone Cooperative Association | ACAM | $ 730,410 | $ 11,686,560 |
| CO | Blanca Telephone Company/Jade Communications LLC | BLS | $ 2,233,234 | $ 30,297,776 |
| CO | Direct Management Company | ACAM | $ 243,576 | $ 3,897,216 |
| CO | Farmers Telephone Company, Inc. | ACAM | $ 1,624,373 | $ 25,989,968 |
| CO | JED Enterprises, Inc. | ACAM | $ 1,659,743 | $ 26,555,888 |
| CO | Nucla-Naturita Telephone Company | ACAM | $ 3,336,930 | $ 53,390,880 |
| CO | Nunn Telephone Company | BLS | $ 769,108 | $ 16,211,108 |
| CO | Roggen Telephone Cooperative Company | ACAM | $ 470,717 | $ 7,531,472 |
| CO | Telephone & Data Systems, incl. UScellular | ACAM | $ 1,377,620 | $ 22,041,920 |
| CO | The Peetz Cooperative Telephone Company | ACAM | $ 413,633 | $ 6,618,128 |
| CO | Townes Telecommunications, Inc. | ACAM | $ 2,858,567 | $ 45,737,072 |
| CO | USConnect Holdings, Inc. | ACAM | $ 6,221,896 | $ 99,550,336 |
| CO | Wiggins Telephone Association | ACAM | $ 2,012,785 | $ 32,204,560 |
| FL | Telephone & Data Systems, incl. UScellular | ACAM | $ 524,863 | $ 8,397,808 |
| FL | Townes Telecommunications, Inc. | ACAM | $ 512,761 | $ 8,204,176 |
| GA | Alma Telecom, Inc. | ACAM | $ 1,852,472 | $ 29,639,552 |
| GA | Citizens Telephone Co. – GA | ACAM | $ 1,547,579 | $ 24,761,264 |
| GA | Dycom Holding, Inc. | ACAM | $ 2,217,662 | $ 35,482,592 |
| GA | Fail Telecommunication Corporation | ACAM | $ 46,929 | $ 1,208,739 |
| GA | Pineland Telephone Cooperative, Inc. | ACAM | $ 3,627,646 | $ 58,042,336 |
| GA | Plant Telephone Company | ACAM | $ 2,452,379 | $ 39,238,064 |
| GA | Planters Rural Telephone Cooperative, Inc. | BLS | $ 1,891,340 | $ 99,736,450 |
| GA | Progressive Rural Telephone Co-Op., Inc. | ACAM | $ 1,577,637 | $ 25,242,192 |
| GA | Telephone & Data Systems, incl. UScellular | ACAM | $ 1,689,699 | $ 28,547,292 |
| GA | Trenton Telephone Co. | BLS | $ 713,008 | $ 19,656,673 |
| IA | Alliance Communications Cooperative, Inc. | ACAM | $ 1,171,309 | $ 18,740,944 |
| IA | Breda Telephone Corp. | ACAM | $ 1,030,576 | $ 16,489,216 |
| IA | Brooklyn Mutual Telecommunications Cooperative | ACAM | $ 416,263 | $ 6,660,208 |
| IA | Butler-Bremer Mutual Telephone Company | ACAM | $ 1,199,710 | $ 19,195,360 |
| IA | Citizens Mutual Telephone Cooperative | ACAM | $ 2,066,103 | $ 33,057,648 |
| IA | Clarence Telephone Company, Inc. | ACAM | $ 457,703 | $ 7,323,248 |
| IA | Communications 1 Network, Inc. | ACAM | $ 571,557 | $ 9,144,912 |
| IA | Communications 1 Network, Inc. | BLS | $ 157,369 | $ 4,441,851 |
| IA | Cooperative Telephone Company | ACAM | $ 906,718 | $ 14,507,488 |
| IA | Corn Belt Telephone Company | ACAM | $ 377,917 | $ 6,046,672 |
| IA | Danville Mutual Telephone Company | ACAM | $ 340,783 | $ 5,452,528 |
| IA | Ellsworth Cooperative Telephone Association | BLS | $ 426,086 | $ 7,940,484 |
| IA | F&B Communications, Inc. | ACAM | $ 737,781 | $ 11,804,496 |
| IA | Farmers Mutual Cooperative Telephone Company-Harlan | ACAM | $ 969,895 | $ 15,518,320 |
| IA | Farmers Mutual Telephone Company of Stanton, Iowa | BLS | $ 1,417,912 | $ 53,825,571 |
| IA | Farmers Mutual Telephone Company-Jesup | ACAM | $ 415,374 | $ 6,645,984 |
| IA | Farmers Telephone Company-Batavia | BLS | $ 312,882 | $ 5,187,416 |
| IA | Farmers Telephone Company-Essex | ACAM | $ 431,596 | $ 6,905,536 |
| IA | Fenton Cooperative Telephone Company | ACAM | $ 141,435 | $ 2,262,960 |
| IA | Grand Mound Cooperative Telephone Association | ACAM | $ 316,233 | $ 5,059,728 |
| IA | Grand River Mutual Telephone Corporation | ACAM | $ 5,957,521 | $ 95,320,336 |
| IA | Hawkeye Telephone Company | ACAM | $ 267,340 | $ 4,277,440 |
| IA | Jefferson Telephone Company | ACAM | $ 807,847 | $ 12,925,552 |
| IA | Killduff Telephone Company | ACAM | $ 87,238 | $ 1,395,808 |
| IA | LICT Corporation | ACAM | $ 1,532,174 | $ 24,514,784 |
| IA | La Motte Telephone Company | ACAM | $ 828,668 | $ 13,258,688 |
| IA | Lehigh Valley Cooperative Telephone Association | BLS | $ 767,387 | $ 13,086,487 |
| IA | Lynnville Telephone Company | ACAM | $ 293,337 | $ 4,693,392 |
| IA | MTC Technologies | BLS | $ 1,120,622 | $ 19,042,573 |
| IA | Mabel Cooperative Telephone Company | ACAM | $ 620,903 | $ 9,934,448 |
| IA | Massena Telephone Company | ACAM | $ 597,774 | $ 9,564,384 |
| IA | Minburn Telephone Company | BLS | $ 809,693 | $ 21,747,480 |
| IA | Modern Cooperative Telephone Company | ACAM | $ 725,268 | $ 11,604,288 |
| IA | Mutual Telephone Company of Morning Sun, Iowa | ACAM | $ 379,237 | $ 6,067,792 |
| IA | Northeast Iowa Telephone Company | ACAM | $ 1,076,137 | $ 17,218,192 |
| IA | Olin Telephone Company, Inc. | ACAM | $ 344,609 | $ 5,513,744 |
| IA | Oran Mutual Telephone Company | ACAM | $ 189,223 | $ 3,027,568 |
| IA | Panora Communications Cooperative | BLS | $ 418,645 | $ 12,530,068 |
| IA | Partner Communications Cooperative | ACAM | $ 1,699,290 | $ 27,188,640 |
| IA | Readlyn Telephone Company | ACAM | $ 332,319 | $ 5,317,104 |
| IA | Reasnor Telephone Company, LLC | ACAM | $ 196,476 | $ 3,143,616 |
| IA | River Valley Telecommunications Cooperative | ACAM | $ 669,734 | $ 10,715,744 |
| IA | Rockwell Cooperative Telephone Association | ACAM | $ 646,454 | $ 10,343,264 |
| IA | Royal Telephone Company | BLS | $ 152,921 | $ 4,720,781 |
| IA | Sac County Mutual Telephone Company | ACAM | $ 585,470 | $ 9,367,520 |
| IA | Schaller Telephone Company | ACAM | $ 1,273,449 | $ 20,375,184 |
| IA | Scranton Telephone Company | ACAM | $ 445,912 | $ 7,134,592 |
| IA | Searsboro Telephone Company | ACAM | $ 185,359 | $ 2,965,744 |
| IA | South Slope Cooperative Telephone Company, Inc. | BLS | $ 1,975,074 | $ 86,145,964 |
| IA | Sully Telephone Association | ACAM | $ 392,057 | $ 6,272,912 |
| IA | Terril Telephone Cooperative | ACAM | $ 154,438 | $ 2,471,008 |
| IA | Van Buren Telephone Co., Inc. | ACAM | $ 1,853,448 | $ 29,655,168 |
| IA | West Iowa Telephone Company | ACAM | $ 2,173,365 | $ 34,773,840 |
| IA | Western Iowa Telephone Association | ACAM | $ 2,103,393 | $ 33,654,288 |
| IA | Wyoming Mutual Telephone Company | ACAM | $ 328,962 | $ 5,263,392 |
| ID | Cambridge Telephone Company, Inc. | ACAM | $ 6,134,381 | $ 98,150,096 |
| ID | Filer Mutual Telephone Company | BLS | $ 740,943 | $ 40,095,620 |
| ID | Horizon Communications, Inc. | ACAM | $ 7,393,778 | $ 118,300,448 |
| ID | Project Mutual Telephone Cooperative Association, Inc. | ACAM | $ 2,947,654 | $ 47,162,464 |
| ID | Telephone & Data Systems, incl. UScellular | ACAM | $ 1,630,236 | $ 26,083,776 |
| ID | Western Elite Incorporated Services | ACAM | $ 1,331,112 | $ 21,297,792 |
| IL | Adams Telephone Co-Operative | ACAM | $ 4,410,688 | $ 70,571,008 |
| IL | Cass Communications Management, Inc. | ACAM | $ 1,711,600 | $ 27,385,600 |
| IL | Clarksville Mutual Telephone Company | ACAM | $ 563,315 | $ 9,013,040 |
| IL | Flat Rock Telephone Co-Op, Inc. | ACAM | $ 350,614 | $ 5,609,824 |
| IL | Grafton Communications, Inc. | ACAM | $ 359,839 | $ 5,757,424 |
| IL | Hamilton County Telephone Co-Op | ACAM | $ 1,485,120 | $ 23,761,920 |
| IL | Progressive Voice & Data, Inc. | BLS | $ 556,934 | $ 18,803,348 |
| IL | Shawnee Communications, Inc. | ACAM | $ 9,770,763 | $ 156,332,208 |
| IL | Stelle Telephone Company | ACAM | $ 70,655 | $ 1,130,480 |
| IN | Bloomingdale Home Telephone Company | ACAM | $ 617,788 | $ 9,884,608 |
| IN | Great Plains Communications, Inc. | BLS | $ 1,423,957 | $ 48,320,257 |
| IN | Hancock Rural Telephone Corporation | BLS | $ 588,989 | $ 72,128,635 |
| IN | Monon Telephone Company Inc. | BLS | $ 385,122 | $ 16,138,538 |
| IN | New Lisbon Telephone Company, Inc. | BLS | $ 450,653 | $ 12,510,305 |
| IN | Telephone & Data Systems, incl. UScellular | ACAM | $ 6,212,069 | $ 99,393,104 |
| IN | Washington County Rural Telephone Cooperative | BLS | $ 409,816 | $ 43,441,636 |
| KS | Blue Valley Tele-Communications, Inc. | BLS | $ 3,352,654 | $ 69,591,797 |
| KS | Golden Wheat, Inc. | BLS | $ 1,282,928 | $ 47,306,697 |
| KS | LICT Corporation | ACAM | $ 8,465,340 | $ 135,445,440 |
| KS | LaHarpe Telephone Company, Inc. (KS) | ACAM | $ 1,816,198 | $ 29,059,168 |
| KS | TelAtlantic, Inc. | ACAM | $ 256,654 | $ 4,106,464 |
| KS | Rural Telephone Service Company | ACAM | $ 12,528,086 | $ 200,449,376 |
| KS | Totah Communications, Inc. | ACAM | $ 2,898,046 | $ 46,368,736 |
| KS | Townes Telecommunications, Inc. | ACAM | $ 1,985,134 | $ 31,762,144 |
| KS | Wamego Telephone Company, Inc. | BLS | $ 1,249,557 | $ 89,790,995 |
| KY | Ballard Rural Telephone Cooperative Corporation, Inc. | BLS | $ 1,106,058 | $ 56,747,029 |
| KY | Foothills Rural Telephone Cooperative Corporation, Inc. | BLS | $ 3,564,943 | $ 82,848,580 |
| KY | Peoples Rural Telephone Cooperative Corporation, Inc. | BLS | $ 2,025,256 | $ 73,025,361 |
| KY | Synergy Technology Partners, inc. | BLS | $ 4,297,653 | $ 102,554,443 |
| KY | Telephone & Data Systems, incl. UScellular | ACAM | $ 2,324,084 | $ 37,185,344 |
| LA | American Broadband Holding Company | ACAM | $ 3,328,060 | $ 53,248,960 |
| LA | CP-Tel Holdings, Inc. | ACAM | $ 1,626,563 | $ 26,025,008 |
| LA | Northeast Louisiana Telephone Co., Inc. | BLS | $ 593,767 | $ 20,579,534 |
| MA | Richmond Telephone Company LLC | ACAM | $ 16,909 | $ 270,544 |
| MD | Armstrong Holdings, Inc. | BLS | $ 65,725 | $ 6,110,892 |
| ME | Future Fiber FinCo, LLC | ACAM | $ 1,032,039 | $ 16,512,624 |
| ME | Lincolnville Telephone Company | ACAM | $ 1,218,749 | $ 19,499,984 |
| ME | Telephone & Data Systems, incl. UScellular | ACAM | $ 4,364,746 | $ 69,835,936 |
| MI | Allband Communications Cooperative | ACAM | $ 862,009 | $ 13,792,144 |
| MI | Baraga Telephone Company Inc. | ACAM | $ 2,536,020 | $ 40,576,320 |
| MI | Bloomingdale Telephone Company, Inc. | BLS | $ 392,343 | $ 26,292,374 |
| MI | Carr Communications, Inc. | ACAM | $ 887,122 | $ 14,193,952 |
| MI | Chapin Communications Corporation | ACAM | $ 699,183 | $ 11,186,928 |
| MI | Hiawatha Communications, Inc. | ACAM | $ 13,030,741 | $ 208,491,856 |
| MI | KALTELCO, Inc. | ACAM | $ 1,164,784 | $ 18,636,544 |
| MI | LICT Corporation | ACAM | $ 9,674,643 | $ 154,794,288 |
| MI | Sand Creek Communications Company | ACAM | $ 342,160 | $ 5,474,560 |
| MI | Telephone & Data Systems, incl. UScellular | ACAM | $ 4,746,146 | $ 75,938,336 |
| MN | Albany Mutual Telephone Association | ACAM | $ 1,247,333 | $ 19,957,328 |
| MN | Alliance Communications Cooperative, Inc. | ACAM | $ 386,135 | $ 6,178,160 |
| MN | Arvig Enterprises, Inc. | ACAM | $ 31,480,850 | $ 503,693,600 |
| MN | Benton Cooperative Telephone Company | ACAM | $ 2,256,717 | $ 36,107,472 |
| MN | Consolidated Telephone Company | BLS | $ 4,420,127 | $ 84,629,243 |
| MN | Emily Cooperative Telephone Company | BLS | $ 516,738 | $ 11,750,862 |
| MN | Garden Valley Telephone Company | ACAM | $ 10,714,230 | $ 171,427,680 |
| MN | Gardonville Cooperative Telephone Association | ACAM | $ 1,813,491 | $ 29,015,856 |
| MN | Halstad Telephone Company | ACAM | $ 830,683 | $ 13,290,928 |
| MN | Harmony Telephone Company | ACAM | $ 445,369 | $ 7,125,904 |
| MN | Johnson Telephone Company | ACAM | $ 1,942,524 | $ 31,080,384 |
| MN | Kasson & Mantorville Telephone Company | ACAM | $ 1,061,059 | $ 16,976,944 |
| MN | Manchester-Hartland Telephone Company | BLS | $ 268,828 | $ 4,650,716 |
| MN | Park Region Mutual Telephone Company | ACAM | $ 3,825,994 | $ 61,215,904 |
| MN | Paul Bunyan Rural Telephone Cooperative | ACAM | $ 9,770,834 | $ 156,333,344 |
| MN | Rural Communications Holding Corporation | ACAM | $ 3,551,496 | $ 56,823,936 |
| MN | Spring Grove Communications | ACAM | $ 665,378 | $ 10,646,048 |
| MN | Telephone & Data Systems, incl. UScellular | ACAM | $ 3,499,212 | $ 55,987,392 |
| MN | Tri-Co Technologies, LLC | BLS | $ 56,840 | $ 10,787,574 |
| MN | Upsala Cooperative Telephone Association | ACAM | $ 921,315 | $ 14,741,040 |
| MN | West Central Telephone Assn. | ACAM | $ 3,513,949 | $ 56,223,184 |
| MN | Wikstrom Telephone Company, Inc. | ACAM | $ 9,292,474 | $ 148,679,584 |
| MO | Alma Communications Company | BLS | $ 468,355 | $ 7,245,080 |
| MO | American Broadband Holding Company | ACAM | $ 3,525,364 | $ 56,405,824 |
| MO | Cable One, Inc. | ACAM | $ 7,334,349 | $ 117,349,584 |
| MO | Chariton Valley Telephone Corporation | ACAM | $ 5,661,357 | $ 90,581,712 |
| MO | Craw-Kan Telephone Cooperative Inc. | ACAM | $ 2,146,262 | $ 34,340,192 |
| MO | Ellington Telephone Company | ACAM | $ 2,635,463 | $ 42,167,408 |
| MO | Grand River Mutual Telephone Corporation | ACAM | $ 10,400,501 | $ 166,408,016 |
| MO | Green Hills Telephone Corporation | ACAM | $ 7,504,835 | $ 120,077,360 |
| MO | Kingdom Telephone Company | BLS | $ 2,478,805 | $ 54,814,325 |
| MO | Mark Twain Rural Telephone Company | ACAM | $ 6,784,947 | $ 108,559,152 |
| MO | McDonald County Telephone Company | BLS | $ 1,421,326 | $ 42,676,449 |
| MO | Peace Valley Telephone Company | ACAM | $ 799,972 | $ 12,799,552 |
| MO | Rock Port Telephone Company | ACAM | $ 1,248,354 | $ 19,973,664 |
| MO | STEL-CO | ACAM | $ 1,763,975 | $ 28,223,600 |
| MO | TelAtlantic, Inc. | BLS | $ 571,695 | $ 14,473,989 |
| MO | Townes Telecommunications, Inc. | ACAM | $ 1,734,000 | $ 27,744,000 |
| MS | Fail Telecommunication Corporation | ACAM | $ 961,438 | $ 15,383,008 |
| MS | Sunflower Enterprises, Inc. | BLS | $ 570,742 | $ 16,320,692 |
| MS | Telephone & Data Systems, incl. UScellular | ACAM | $ 1,856,209 | $ 29,699,344 |
| MT | Mid-Rivers Telephone Cooperative, Inc. | ACAM | $ 35,892,248 | $ 574,275,968 |
| MT | Northern Telephone Cooperative, Inc. | ACAM | $ 6,453,283 | $ 103,252,528 |
| MT | Triangle Telephone Cooperative Assn., Inc. | BLS | $ 26,593,436 | $ 460,564,248 |
| NC | Gridiron Fiber Corp | ACAM | $ 70,483 | $ 9,569,076 |
| NC | Wilkes Telephone Membership Corporation | BLS | $ 2,187,718 | $ 131,758,222 |
| NC | Yadkin Valley Telephone Membership Corporation | BLS | $ 587,808 | $ 86,278,926 |
| NE | American Broadband Holding Company | ACAM | $ 2,742,652 | $ 43,882,432 |
| NE | Arapahoe Telephone Company | ACAM | $ 2,933,701 | $ 46,939,216 |
| NE | BW Telcom | BLS | $ 2,143,045 | $ 40,259,816 |
| NE | Consolidated Companies, Inc. | ACAM | $ 8,780,624 | $ 140,489,984 |
| NE | DTC Holding Company | BLS | $ 959,651 | $ 23,972,876 |
| NE | Great Plains Communications, Inc. | ACAM | $ 33,251,968 | $ 532,031,488 |
| NE | K & M Telephone Company, Inc. | ACAM | $ 1,849,713 | $ 29,595,408 |
| NE | Nedelco, Inc. | ACAM | $ 9,655,894 | $ 154,494,304 |
| NE | Northeast Nebraska Telephone Company | ACAM | $ 5,851,611 | $ 93,625,776 |
| NE | Pinpoint Holdings, Inc. | BLS | $ 764,234 | $ 24,091,406 |
| NE | Southeast Nebraska Communications, Inc. | BLS | $ 1,465,654 | $ 26,316,528 |
| NE | USConnect Holdings, Inc. | ACAM | $ 4,530,096 | $ 72,481,536 |
| NH | CIBL, Inc. | ACAM | $ 45,376 | $ 876,689 |
| NH | Telephone & Data Systems, incl. UScellular | ACAM | $ 1,415,697 | $ 22,651,152 |
| NH | Yankee Telecom, Inc. | BLS | $ 361,475 | $ 17,599,905 |
| NJ | Court Square Capital Partners | BLS | $ 107,397 | $ 1,984,145 |
| NM | LICT Corporation | ACAM | $ 13,363,883 | $ 213,822,128 |
| NM | La Jicarita Rural Telephone Cooperative | BLS | $ 2,316,498 | $ 41,102,932 |
| NM | Roosevelt County Rural Telephone Cooperative, Inc. | ACAM | $ 4,460,704 | $ 71,371,264 |
| NM | Sacred Wind Enterprises, Inc. | BLS | $ 5,683,655 | $ 123,914,961 |
| NV | Beehive Telephone Companies | ACAM | $ 911,946 | $ 14,591,136 |
| NV | Day Management Corporation | ACAM | $ 767,092 | $ 12,273,472 |
| NV | Lincoln Communications, Inc. | ACAM | $ 6,989,643 | $ 111,834,288 |
| NY | Armstrong Holdings, Inc. | ACAM | $ 1,487,008 | $ 23,792,128 |
| NY | Atlas Connectivity, LLC | ACAM | $ 980,116 | $ 15,681,856 |
| NY | Chazy & Westport Telephone Corp. | ACAM | $ 756,312 | $ 12,100,992 |
| NY | Citizens Telephone Company of Hammond NY, Inc. | ACAM | $ 866,286 | $ 13,860,576 |
| NY | Court Square Capital Partners | ACAM | $ 134,197 | $ 2,147,152 |
| NY | Delhi Telephone Company | ACAM | $ 1,403,331 | $ 22,453,296 |
| NY | Empire Telephone Corporation/North Penn Telephone Company | ACAM | $ 1,494,308 | $ 23,908,928 |
| NY | Fishers Island Telephone Corporation | ACAM | $ 527,117 | $ 8,433,872 |
| NY | Future Fiber FinCo, LLC | BLS | $ 846,228 | $ 31,202,012 |
| NY | Germantown Telephone Company, Inc. | BLS | $ 363,785 | $ 8,335,820 |
| NY | Margaretville Telephone Company, Inc. | ACAM | $ 1,843,903 | $ 29,502,448 |
| NY | Pattersonville Telephone Company (NY) | ACAM | $ 180,404 | $ 2,886,464 |
| NY | Telephone & Data Systems, incl. UScellular | ACAM | $ 3,059,473 | $ 48,951,568 |
| NY | The Hancock Telephone Company | ACAM | $ 601,569 | $ 9,625,104 |
| NY | The Middleburgh Telephone Company | ACAM | $ 2,687,149 | $ 42,994,384 |
| OH | Arthur Mutual Telephone Company | BLS | $ 233,374 | $ 3,749,482 |
| OH | Bascom Mutual Telephone Company | BLS | $ 199,688 | $ 5,668,052 |
| OH | Buckland Telephone Co. | ACAM | $ 286,188 | $ 4,579,008 |
| OH | Fort Jennings Telephone Company | BLS | $ 226,127 | $ 7,088,847 |
| OH | Glandorf Telephone Co., Inc. | BLS | $ 117,632 | $ 5,416,077 |
| OH | Kalida Telephone Company, Inc. | BLS | $ 155,923 | $ 6,539,634 |
| OH | Pattersonville Telephone Company (OH) | ACAM | $ 297,097 | $ 4,753,552 |
| OH | Sycamore Telephone Company | ACAM | $ 724,865 | $ 11,597,840 |
| OH | The Conneaut Telephone Company | BLS | $ 128,951 | $ 9,585,108 |
| OH | The Ottoville Mutual Telephone Company | BLS | $ 309,143 | $ 7,545,488 |
| OH | Wabash Mutual Telephone Company | ACAM | $ 582,103 | $ 9,313,648 |
| OK | Atlas Telephone Company, Inc. | ACAM | $ 2,235,460 | $ 35,767,360 |
| OK | Bixby Telephone Company | BLS | $ 292,538 | $ 44,295,874 |
| OK | Cherokee Telephone Company | ACAM | $ 2,173,413 | $ 34,774,608 |
| OK | Dobson Technologies, Inc. | ACAM | $ 6,958,950 | $ 111,343,200 |
| OK | Dobson Technologies, Inc. | BLS | $ 274,762 | $ 15,493,114 |
| OK | Hilliary Communications, LLC | ACAM | $ 6,349,594 | $ 101,593,504 |
| OK | Hilliary Communications, LLC | BLS | $ 317,973 | $ 14,501,688 |
| OK | Hinton Holding Company | ACAM | $ 2,679,243 | $ 42,867,888 |
| OK | Pioneer Telephone Cooperative (OK) | ACAM | $ 26,388,582 | $ 422,217,312 |
| OK | Santa Rosa Telephone Cooperative, Inc. | ACAM | $ 1,181,432 | $ 18,902,912 |
| OK | Telephone & Data Systems, incl. UScellular | ACAM | $ 3,627,956 | $ 58,047,296 |
| OK | Terral Telephone Company | BLS | $ 255,024 | $ 5,041,728 |
| OK | Valliant Telephone Company, Inc. | ACAM | $ 1,697,743 | $ 27,163,888 |
| OR | Day Management Corporation | ACAM | $ 10,555,080 | $ 168,881,280 |
| OR | Molalla Communications Company | BLS | $ 1,829,460 | $ 112,678,364 |
| OR | Monroe Telephone Company | ACAM | $ 513,243 | $ 8,211,888 |
| OR | Oregon Telephone Corporation | ACAM | $ 10,699,789 | $ 171,196,624 |
| OR | Roome Telecommunications Inc. | ACAM | $ 543,128 | $ 8,690,048 |
| OR | Scio Mutual Telephone Association | BLS | $ 647,531 | $ 30,802,621 |
| OR | St. Paul Cooperative Telephone Association | ACAM | $ 715,015 | $ 11,440,240 |
| OR | Telephone & Data Systems, incl. UScellular | ACAM | $ 682,533 | $ 10,920,528 |
| PA | Armstrong Holdings, Inc. | BLS | $ 384,738 | $ 10,767,145 |
| PA | Empire Telephone Corporation/North Penn Telephone Company | ACAM | $ 2,536,721 | $ 40,587,536 |
| PA | Ironton Telephone Company | BLS | $ 6,989 | $ 7,579,392 |
| PA | Laurel Highland Total Communications, Inc. | BLS | $ 1,524,751 | $ 31,917,846 |
| PA | TelAtlantic, Inc. | ACAM | $ 6,320 | $ 109,758 |
| PA | Telephone & Data Systems, incl. UScellular | ACAM | $ 989,517 | $ 15,832,272 |
| PA | The North-Eastern Pennsylvania Telephone Company | ACAM | $ 2,229,349 | $ 35,669,584 |
| PA | Townes Telecommunications, Inc. | ACAM | $ 73,746 | $ 1,179,936 |
| PA | Venus Telephone Corporation | ACAM | $ 600,688 | $ 9,611,008 |
| SC | Cable One, Inc. | BLS | $ 411,006 | $ 400,262,191 |
| SC | Telephone & Data Systems, incl. UScellular | ACAM | $ 799,499 | $ 12,791,984 |
| SC | West Carolina Rural Telephone Cooperative, Inc. | ACAM | $ 1,547,567 | $ 26,484,929 |
| SD | Alliance Communications Cooperative, Inc. | ACAM | $ 3,419,384 | $ 54,710,144 |
| SD | Cheyenne River Sioux Tribe Telephone Authority | BLS | $ 3,375,685 | $ 53,749,774 |
| SD | Clarity Telecom, LLC | ACAM | $ 4,773,731 | $ 76,379,696 |
| SD | Golden West Telecommunications Cooperative, Inc. | ACAM | $ 34,977,184 | $ 559,634,944 |
| SD | Hanson Communications, Inc. | ACAM | $ 3,491,432 | $ 55,862,912 |
| SD | TrioTel Communications, Inc. | ACAM | $ 2,151,274 | $ 34,420,384 |
| SD | Venture Communications Cooperative, Inc. | ACAM | $ 10,033,907 | $ 160,542,512 |
| TN | Ben Lomand Rural Telephone Coop., Inc. | BLS | $ 5,306,403 | $ 135,854,775 |
| TN | Bledsoe Telephone Cooperative Inc. | BLS | $ 3,444,689 | $ 67,659,796 |
| TN | DeKalb Telephone Cooperative, Inc. | ACAM | $ 4,280,152 | $ 68,482,432 |
| TN | Highland Telephone Cooperative, Inc. (KY & TN) | ACAM | $ 3,632,993 | $ 58,127,888 |
| TN | North Central Telephone Cooperative, Inc. | BLS | $ 3,786,301 | $ 135,680,686 |
| TN | Telephone & Data Systems, incl. UScellular | ACAM | $ 8,423,913 | $ 134,782,608 |
| TN | Twin Lakes Telephone Cooperative Corporation | BLS | $ 6,670,986 | $ 209,031,896 |
| TX | Alenco Communications, Inc. | BLS | $ 5,618,465 | $ 76,018,025 |
| TX | American Broadband Holding Company | ACAM | $ 341,007 | $ 5,456,112 |
| TX | Cap Rock Telephone Cooperative, Inc. | ACAM | $ 7,377,906 | $ 118,046,496 |
| TX | Central Texas Telephone Cooperative, Inc. | ACAM | $ 9,806,463 | $ 156,903,408 |
| TX | Coleman County Telephone Cooperative, Inc. | ACAM | $ 3,117,745 | $ 49,883,920 |
| TX | Colorado Valley Telephone Cooperative, Inc. | ACAM | $ 5,337,951 | $ 85,407,216 |
| TX | ENMR Telephone Cooperative, Inc. | ACAM | $ 424,624 | $ 6,793,984 |
| TX | First American Holdings, Inc. | ACAM | $ 636,669 | $ 10,186,704 |
| TX | Five Area Telephone Cooperative, Inc. | ACAM | $ 2,777,376 | $ 44,438,016 |
| TX | Ganado Telephone Company, Inc. | BLS | $ 1,066,094 | $ 33,682,476 |
| TX | Mid-Plains Rural Telephone Cooperative, Inc. | ACAM | $ 3,650,761 | $ 58,412,176 |
| TX | Nevill Holdings, Inc. | BLS | $ 24,064,710 | $ 276,039,360 |
| TX | Peoples Telephone Cooperative | BLS | $ 1,379,367 | $ 122,629,788 |
| TX | Poka Lambro Telephone Cooperative, Inc. | ACAM | $ 6,174,451 | $ 98,791,216 |
| TX | Santa Rosa Telephone Cooperative, Inc. | ACAM | $ 5,377,062 | $ 86,032,992 |
| TX | South Plains Telephone Cooperative, Inc. | ACAM | $ 4,247,385 | $ 67,958,160 |
| TX | TOTE Holdings LLC | ACAM | $ 3,662,350 | $ 58,597,600 |
| TX | Taylor Telephone Cooperative, Inc. | ACAM | $ 4,454,636 | $ 71,274,176 |
| TX | Valley Telephone Cooperative, Inc. (TX) | BLS | $ 15,213,188 | $ 213,644,608 |
| TX | Wes-Tex Telephone Cooperative, Inc. | ACAM | $ 11,100,094 | $ 177,601,504 |
| TX | West Texas Rural Telephone Cooperative Inc. | ACAM | $ 3,132,754 | $ 50,124,064 |
| TX | XIT Rural Telephone Cooperative, Inc. | ACAM | $ 4,050,233 | $ 64,803,728 |
| UT | Direct Management Company | BLS | $ 490,935 | $ 12,957,253 |
| UT | Gunnison Telephone Company | ACAM | $ 526,922 | $ 8,430,752 |
| UT | LICT Corporation | ACAM | $ 9,517,639 | $ 152,282,224 |
| VA | Citizens Telephone Cooperative (VA) | ACAM | $ 1,997,303 | $ 31,956,848 |
| VA | Gridiron Fiber Corp | ACAM | $ 3,123,709 | $ 49,979,344 |
| VA | Highland Telephone Cooperative (VA) | ACAM | $ 1,484,519 | $ 23,752,304 |
| VA | Mecklenburg Electric Cooperative | BLS | $ 589,320 | $ 6,702,430 |
| VA | New Hope Telephone Cooperative (VA) | BLS | $ 410,567 | $ 14,699,278 |
| VA | Pembroke Telephone Cooperative | ACAM | $ 1,185,739 | $ 18,971,824 |
| VA | Telephone & Data Systems, incl. UScellular | ACAM | $ 2,856,504 | $ 45,704,064 |
| VT | Citizens Telephone Company of Hammond NY, Inc. | BLS | $ 702,551 | $ 11,007,593 |
| VT | Future Fiber FinCo, LLC | ACAM | $ 1,576,170 | $ 25,218,720 |
| VT | Telephone & Data Systems, incl. UScellular | ACAM | $ 487,990 | $ 7,807,840 |
| VT | Vermont National Telephone Company, Inc. | BLS | $ 2,040,764 | $ 41,930,260 |
| WA | Pioneer Telephone Holding Company | ACAM | $ 2,395,529 | $ 38,328,464 |
| WA | St. John Telephone, Inc. | BLS | $ 635,484 | $ 13,255,318 |
| WA | Telephone & Data Systems, incl. UScellular | ACAM | $ 2,345,505 | $ 37,528,080 |
| WA | Wahkiakum West Inc. | BLS | $ 930,345 | $ 24,973,327 |
| WA | Western Elite Incorporated Services | ACAM | $ 1,551,880 | $ 24,830,080 |
| WA | Westgate Communications LLC | ACAM | $ 242,267 | $ 3,876,272 |
| WI | Amery Telcom, Inc. | ACAM | $ 1,922,203 | $ 30,755,248 |
| WI | Amherst Telephone Company | ACAM | $ 3,285,720 | $ 52,571,520 |
| WI | Baldwin Telecom, Inc. | ACAM | $ 923,342 | $ 14,773,472 |
| WI | Bloomer Telephone Company | ACAM | $ 777,927 | $ 12,446,832 |
| WI | Bruce Telephone Company, Inc. | ACAM | $ 1,095,883 | $ 17,534,128 |
| WI | Clear Lake Telephone Company, Inc. | ACAM | $ 637,663 | $ 10,202,608 |
| WI | Coon Valley Farmers Telephone Company | ACAM | $ 1,115,976 | $ 17,855,616 |
| WI | Farmers Independent Telephone Company | ACAM | $ 1,393,271 | $ 22,292,336 |
| WI | Hillsboro Telephone Company, Inc. | ACAM | $ 900,087 | $ 14,401,392 |
| WI | LICT Corporation | ACAM | $ 1,198,028 | $ 19,168,448 |
| WI | Lakeland Communications, Inc. | BLS | $ 1,672,251 | $ 67,537,632 |
| WI | Mount Horeb Telephone Company | ACAM | $ 1,279,213 | $ 20,467,408 |
| WI | Nelson Telephone Cooperative | BLS | $ 2,182,970 | $ 47,147,964 |
| WI | Richland-Grant Telephone Cooperative, Inc. | ACAM | $ 2,019,329 | $ 32,309,264 |
| WI | Rural Communications Holding Corporation | ACAM | $ 2,903,437 | $ 46,454,992 |
| WI | Siren Telephone Company, Inc. | BLS | $ 470,266 | $ 13,772,197 |
| WI | Spring Valley Telephone Company, Inc. | BLS | $ 223,621 | $ 8,844,324 |
| WI | Telephone & Data Systems, incl. UScellular | ACAM | $ 25,079,508 | $ 401,272,128 |
| WI | Tri-County Communications Cooperative, Inc. | ACAM | $ 2,880,009 | $ 46,080,144 |
| WI | Vernon Telephone Cooperative, Inc. | ACAM | $ 3,924,423 | $ 62,790,768 |
| WI | Wittenberg Telephone Company | ACAM | $ 1,094,663 | $ 17,514,608 |
| WI | Wood County Telephone Company | ACAM | $ 861,784 | $ 13,788,544 |
| WI | Wood County Telephone Company | BLS | $ 1,626,529 | $ 142,962,858 |
| WV | Armstrong Holdings, Inc. | ACAM | $ 4,140,620 | $ 66,249,920 |
| WV | Hardy Telecommunications, Inc. | ACAM | $ 4,170,685 | $ 66,730,960 |
| WV | Spruce Knob Seneca Rocks Telephone, Inc. | ACAM | $ 1,349,484 | $ 21,591,744 |
| WV | TelAtlantic, Inc. | ACAM | $ 556,200 | $ 8,899,200 |
| WY | All West Communications, Inc. | ACAM | $ 771,854 | $ 12,349,664 |
| WY | Horizon Communications, Inc. | ACAM | $ 2,281,857 | $ 36,509,712 |
| WY | Mountain West Technologies Corporation | ACAM | $ 1,476,942 | $ 23,631,072 |
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