Monthly Archives: April 2021

OTELCO Expanding Its Lightwave Fiber Internet Zone in Gray and New Gloucester

OTELCO, a telecommunications provider serving areas of Maine, Alabama, Massachusetts, Missouri, Vermont, and West Virginia, is upgrading its network in Gray and New Gloucester. This major fiber broadband initiative includes the construction of approximately 150 miles of Fiber-to-the-Premise (FTTP) network in portions of both towns, resulting in the availability of symmetrical Gigabit Internet to approximately 4,100 additional locations. The anticipated completion date for the construction is mid-to-late summer of 2021 at which time OTELCO will… Read more »

OTELCO Expanding Its Lightwave Fiber Internet Zone into Gorham

OTELCO, a telecommunications provider serving areas of Maine, Alabama, Massachusetts, Missouri, Vermont, and West Virginia, is bringing improved broadband connectivity with its Lightwave Fiber Internet to Gorham. This major fiber broadband initiative includes the construction of 37 miles of Fiber-to-the-Premise (FTTP) network in portions of Gorham, resulting in the availability of symmetrical Gigabit Internet to approximately 2,500 locations. The anticipated completion date for the construction is fall of 2021 at which time OTELCO will begin… Read more »

OTELCO Expanding Its Lightwave Fiber Internet Zone into Windham

OTELCO, a telecommunications provider serving areas of Maine, Alabama, Massachusetts, Missouri, Vermont and West Virginia, is bringing improved broadband connectivity with its Lightwave Fiber Internet to Windham. This major fiber broadband initiative includes the construction of 30 miles of Fiber-to-the-Premise (FTTP) network in portions of Windham, resulting in the availability of symmetrical Gigabit Internet to approximately 2,200 locations. The anticipated completion date for the construction is fall of 2021, at which time OTELCO will begin… Read more »

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 »