Posted September 20, 2018 08:20:33One of the biggest telecommunication companies in South Dakota, South Dakota Telecom (STK) wants to build a fiber optic network across the state.
STK is building a cable to serve the city of Sioux Falls, and will have to obtain permission from the Federal Communications Commission (FCC) to use the cable in their home state.STK has been in the news recently, after the company announced it had signed a deal with a telecommunications company to sell its telemedics services to South Dakota residents.
STP is a joint venture between STK and Telecommunication International International (TIO), a South African telecommunications company that also has a large stake in TIO.
The STP deal includes a 3G/4G wireless service, which the FCC is reviewing.
STT and STK are not affiliated with TIO, which has an interest in telemedical networks.
The company says the deal is “a strategic investment that will increase our presence in the State of South Dakota and enhance our competitive position with our competitors.”STK is working with Telecommunication international on the project.
Telecommunication is the second-largest telecommunications company in South Africa and operates nearly 100,000 service lines.
The telco has a business in the US that makes fiber optic cable for telecommunication and is interested in building a fiber-optic network across South Dakota.STP’s CEO, Mike Wold, said in a statement that the partnership with STK allows STP to focus on growing our business, and that the new cable will provide a high-speed, high-quality service that will improve the lives of our customers in South Dakotas communities.
“STP has been a big player in South American telecommunications since the early 2000s.STT was founded in 1995 by the founders of Telecommunication Services International (TSI), a unit of TIO that was purchased by TIO in 2009.
STI also operates TIO’s cable and wireline services, including its telecommunications service in South America.
In 2013, STP acquired the South Dakota-based company Telemedicamentos para el Poder, which operates Tio’s cable network in the state, and is also working on a cable in South Carolina.
In 2016, STK bought Telemedica for $1.4 billion.STO also owns Telemedico International, a joint-venture between Telemedical International and TIO for the telecommunication business.
STO’s cable business is also owned by STT.
STo owns a majority of Telemedics International.
In a statement, STO said the new STK cable will offer an alternative to the existing 3G and 4G service offered by Tio.STI is working on the cable, but it is still not known when the cable will be completed or how much it will cost.STY, STE, and STB are South Dakota’s major telecommunications companies.
STY and STE are subsidiaries of STT, while STB is STT’s independent holding company.