Articles Categorized: A News Category

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 »

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 »

OTELCO agrees to be acquired by Oak Hill Capital

Otelco Inc. (Nasdaq: OTEL) (“Otelco” or the “Company”), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it has entered into a definitive agreement to be acquired by affiliates formed by Oak Hill Capital (“Oak Hill”), a private equity firm, for $11.75 per share in cash, which represents an equity purchase price of $40.6 million and an enterprise value of $105.7 million. As part of… Read more »