Articles Categorized: A News Category

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 »

OTELCO announces new hires in Maine, Alabama and West Virginia

OTELCO has hired three new employees in its Maine, Alabama and West Virginia markets. Lukas Mills joins OTELCO as an ISP Engineering Manager in the company’s Portland, ME office. Mills comes to OTELCO with 19 years of experience at Spectrum (Charter) Cable. He is a resident of Gorham, ME. Tina Stone joins OTELCO’s Arab, AL office as a Sales Account Executive with 29 years of sales and customer service experience in the Wireless/Telecom industry. She is a… Read more »

OTELCO welcomes new Technical Support Technicians in Bangor office

OTELCO is pleased to welcome Travis Dowd and Royce Sweet as Technical Support Technicians in its Bangor, Maine office. Travis Dowd graduated from Porter & Chester Institute with a tech degree in Computer Network Technology. He is a resident of Orono. Royce Sweet has an associate degree in Business Administration and has eight years of customer service experience. Sweet lives in Milford. In this role, Dowd and Sweet will be responsible for providing troubleshooting and… Read more »

OTELCO makes Chromebook donation to Brindlee Mountain Primary School

31 Chromebooks and $655 in employee contributions donated in the wake of tornado damage Pictured from left to right: OTELCO employees Cindy Sims and Roxanne Stewart, BMPS Secretary April Henry, Principal Terry Allen, OTELCO employees Tracy Scheckel and Andrew Patton   FOR IMMEDIATE RELEASE UNION GROVE, Alabama (February 10, 2020) – On January 11, the Brindlee Mountain Primary School, serving Pre-K through 2nd grade students, was destroyed by an EF-2 tornado. While no one was harmed… Read more »

OTELCO Names Catherine Johnston Director of Sales

OTELCO named Catherine Johnston as the company’s new Director of Sales. Catherine brings 20 years of business technology leadership experience to OTELCO. She will oversee the daily operation of the sales organization in all OTELCO service areas in New England, Alabama, and Missouri. “We’re very pleased to have Cathy in this role,” said Trevor Jones, VP of Marketing, Sales & Customer Service for OTELCO. “She brings a wealth of knowledge to OTELCO and is a demonstrated… Read more »