Jeff Bingaman United States Senator from New Mexico

WASHINGTON – U.S. Senator Jeff Bingaman today announced that Peñasco Valley Telephone Cooperation in Artesia has been approved for a $28.4 million low-interest loan from the federal government.

"The funding awarded today will help the Peñasco Valley Telephone Co-op continue to provide quality services to its customers,” Bingaman said.

Funding will be used to provide new and improved service to subscribers.  Improvements include: 249 new route miles of fiber and copper cable; upgrades to existing digital loop carrier (DLCs) equipment; and other improvements and upgrades.