Utilities M&A » By The Online Investor Staff, updated Sat., Apr. 17, 12:30 PM
Recent mergers and acquisitions in the Utilities M&A category.
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Slide #74. 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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Avg. Broker Rec.
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