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Communications Services M&A image Communications Services M&A » By The Online Investor Staff, updated Tue., Mar. 9, 2:48 AM Recent mergers and acquisitions in the Communications Services M&A category.

Slide #37. Otelco Inc. Reliable Networks of Maine, LLC

Acquirer: Otelco Inc. (NASDAQ:OTEL)
Acquiree: Reliable Networks of Maine, LLC
Details: Otelco Inc. (NASDAQ:OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced it has acquired Maine-based Reliable Networks, a provider of cloud hosting and managed services for companies who rely on mission-critical applications. The combination expands Otelco's existing carrier-grade service offerings to support critical VoIP, email, database and industry vertical software applications.

Otelco provides telecommunication services on a retail and wholesale basis. These services include local and long distance calling; network access to and from Co.'s customers; data transport; digital high-speed internet access; cable and Internet Protocol television; other telephone related services; and cloud hosting and managed services. Co. also provides cloud hosting and managed services for small and mid-sized companies who rely on software applications. Co.'s voice lines provide local dial tone and calling features, including caller identification, call waiting, call forwarding and voicemail. Co. also provides local services on a retail basis to residential and business customers.

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Company Name: 
Otelco Inc
Website: 
www.OtelcoInc.com
Sector: 
Communications Services
Number of ETFs Holding OTEL: 
2
Total Market Value Held by ETFs: 
$1.25M
Total Market Capitalization: 
$40.00M
% of Market Cap. Held by ETFs: 
3.13%
 

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Strong Buy (4.00 out of 4)
84th percentile
(ranked higher than approx. 84% of all stocks covered)
Based on Zacks ABR data;
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