Monthly Archives: April 2021

OTELCO announces new hires in Maine and Alabama

OTELCO is pleased to welcome several new employees in its Maine and Alabama markets. Three new Technical Support Technicians have been hired in the Bangor, ME office: Dwayne Fournier worked previously as a Technical Support Representative for Cox Communications and a Technical Support Coordinator for Verizon Wireless. He attended Gibbs College in Rhode Island and attained his PC Networking and Support Certificate as well as CompTIA A+ Certification. Fournier is a resident of Brewer, ME. Paul Holyoke spent five… Read more »

Oak Hill Capital Completes Acquisition of Otelco Inc.

Otelco Inc. (NASDAQ: OTEL) (“Otelco” or the “Company”), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced an entity formed by Oak Hill  Capital (“Oak Hill”), a private equity firm, completed its acquisition of Otelco Inc. for $11.75 per share in cash, representing a total equity purchase price of approximately $40.6 million. As a result of the transaction’s completion, Otelco’s common stock will cease trading at… Read more »