Runestone Electric Association

Name

Runestone Electric Association

Legal name

Runestone Telecom Association

Website

https://runestone.net

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Rural Telecommunications and Broadband Services

NAICS

Wired Telecommunications Carriers (517111), Wired and Wireless Telecommunications (except Satellite) (5171), Telecommunications (517)

SIC

Telephone Communications (No Radiotelephone) (4813), Cable & Other Pay Television Services (4841)

akta.pro primary industry

Rural Broadband & Cooperative Fiber Operators (HDAIACAG)

akta.pro secondary industries

Fiber ISPs (FTTH/FTTP Retail Providers) (HDAIADAE), Business/Enterprise Fixed Connectivity Providers (SME/Enterprise Broadband) (HDAIABAI), Rural & Universal Service Fixed Broadband Providers (HDAIABAJ)

Keywords

• Fiber internet services
• Landline telephone service
• Cable television
• Business PBX systems
• Rural broadband

Headquarters

HQ city

Hoffman

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Fiber Internet Services: High-speed fiber internet service with managed Wi-Fi, sold directly to residential and business customers in West Central Minnesota
2. Telephone Services: Reliable landline service with crystal-clear call quality, essential features, and optional long distance
3. Cable Television: Cable TV service offering local channels, national networks, and premium entertainment options
4. Business Services: Hosted PBX systems, voice & data solutions, and custom setups for small and mid-sized businesses
5. NVR Monitoring Systems: Lease of security camera systems with app access and motion alerts

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Runestone Telecom Association delivers fiber internet, landline telephone, and cable TV services to residential households and small/mid-sized businesses in West Central Minnesota. It also offers hosted PBX business phone systems with voice and data solutions, and leased NVR security camera systems with mobile app access, all delivered over owned fiber optic infrastructure as a member-owned cooperative.

Product overview

Runestone Telecom Association provides a bundled portfolio of telecommunications and connectivity services to residential and business customers in West Central Minnesota. The core offerings include Fiber Internet (high-speed broadband with managed Wi-Fi), Telephone (landline service with long-distance options), and Cable Television. Business-oriented add-ons include Hosted PBX phone systems with voice and data solutions, and NVR Monitoring Systems for security camera leasing with mobile app access. The company operates as a local cooperative provider serving the community since 1949.

Differentiator

Problem solved

Functional benefit

Named customers6 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Local Solution (Vikingland Directory)minorChannel Partner/ Reseller/ DistributorPartnership for Vikingland Directory services, connecting customers with local business listings and information services.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Range Telephone Cooperative: Rural MN cooperative offering fiber broadband, hosted voice, and managed services. Highly comparable cooperative + fiber model.
• Albany Mutual Telephone Association: Mutual/cooperative-style rural MN telecom delivering fiber, telephone, and business services to small communities around central MN. Directly comparable cooperative + fiber model.
• Paul Bunyan Telephone Cooperative: Member-owned Minnesota cooperative providing fiber internet, telephone, and cable TV across north-central MN, including rural build-outs. Closest match to Runestone's cooperative + fiber + triple-play model.
• Park Region Telephone & Otter Tail Telcom: Rural west-central MN telecom cooperative providing fiber internet, telephone, and business services. Geographic neighbor and similar cooperative size/service mix.
• Halstad Telephone Company: Independent rural Minnesota telephone company offering fiber, voice, and business services to small communities. Mirrors Runestone's scale and rural cooperative/independent model.
• Arvig (Arvig Communication Systems): Family/employee-owned rural MN telecom offering fiber, voice, and business services across central Minnesota. Overlapping product set and rural customer base.
• Garden Valley Telephone Company: Independent rural MN telephone cooperative with fiber internet, voice, and cable TV to small rural communities. Same product portfolio and member-owned structure.
• Federated Telephone Cooperative: Member-owned cooperative serving rural MN and SD with fiber internet, telephone, and business systems. Same cooperative, fiber, and rural-customer profile as Runestone.
• Consolidated Telephone Company (CTC): Minnesota-based rural fiber telecom cooperative serving central MN with broadband, voice, and managed business services. Comparable customer mix and fiber-led growth strategy.

Broad incumbents

• TDS Telecom: Larger publicly traded US rural telecom operator offering fiber, voice, and cable TV across hundreds of small communities. Competes in rural broadband but at materially greater scale and breadth than Runestone.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/runestonetelecom

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Runestone Electric Association