Otelco

OTELCO is a publicly-traded (NASDAQ: OTEL) telecommunications provider offering a full menu of business and residential voice and data communications solutions. Our footprint spans seven states, with specific products and services available either statewide or regionally, including Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont, and West Virginia. For more than a century, the OTELCO family of communication companies has been providing rural communities with cutting edge technology, first with the telephone in the late 1800s, and today with traditional and digital communication technology and high speed Internet.

NEW GLOUCESTER, Maine, March 31, 2021 (GLOBE NEWSWIRE) -- 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 the close of market today and will be delisted from the NASDAQ Stock Market.

Oak Hill Capital Completes Acquisition of Otelco Inc.

Otelco Inc. (OTEL) CEO Richard Clark on Q4 2020 Results - Earnings Call Transcript

ONEONTA, Ala., March 16, 2021 (GLOBE NEWSWIRE) -- 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 operational and financial results for its fourth quarter and year ended December 31, 2020. Key operational and financial highlights for Otelco include:

Otelco Reports Fourth Quarter and 2020 Financial and Operational Results

ONEONTA, Ala., March 03, 2021 (GLOBE NEWSWIRE) -- 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 will release its fourth quarter and 2020 financial and operational results after the close of trading on Tuesday, March 16, 2021.  The Company will hold a conference call to discuss these results on Wednesday, March 17, 2021, at 11:30 a.m. (Eastern Time).  To listen to the call, participants should dial (856) 344-9206 approximately 10 minutes prior to the start of the call.  A telephonic replay will be available from 2:30 p.m. (Eastern Time) on March 17, 2021, through March 26, 2021, by dialing (719) 457-0820 and entering Confirmation Code 2033224.

OTELCO ANNOUNCES RELEASE DATE FOR FOURTH QUARTER AND 2020 RESULTS

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Otelco, Inc. (OTEL) CEO Richard Clark on Q3 2020 Results - Earnings Call Transcript

ONEONTA, Ala., Nov. 03, 2020 (GLOBE NEWSWIRE) -- 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 operational and financial results for its third quarter ended September 30, 2020. Key operational and financial highlights for Otelco include:

Otelco Reports Third Quarter 2020 Financial and Operational Results

ONEONTA, Ala., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its third quarter 2020 financial and operational results after the close of trading on Tuesday, November 3, 2020.  The Company will hold a conference call to discuss these results on Wednesday, November 4, 2020, at 11:30 a.m. (Eastern Time).  To listen to the call, participants should dial (856) 344-9206 approximately 10 minutes prior to the start of the call.  A telephonic replay will be available from 2:30 p.m. (Eastern Time) on November 4, 2020, through November 13, 2020, by dialing (719) 457-0820 and entering Confirmation Code 5583353.

OTELCO ANNOUNCES RELEASE DATE FOR THIRD QUARTER 2020 RESULTS

Otelco Inc. (OTEL) CEO Richard Clark on Q2 2020 Results - Earnings Call Transcript

ONEONTA, Ala., Aug.  04, 2020  (GLOBE NEWSWIRE) -- 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 operational and financial results for its second quarter ended June 30, 2020. Key operational and financial highlights for Otelco include:

Otelco Reports Second Quarter 2020 Financial and Operational Results

NEW YORK--(BUSINESS WIRE)--Rowley Law PLLC is investigating potential securities law violations by Otelco Inc. (NASDAQ: OTEL) and its board of directors concerning the proposed acquisition of the company by Oak Hill Capital.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Otelco Inc.

PHILADELPHIA, July 28, 2020 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Otelco Inc. ("Otelco") (NASDAQ: OTEL) on behalf of the company's shareholders.

Kaskela Law LLC Announces Stockholder Investigation of Otelco Inc. (OTEL) and Encourages Investors to Contact the Firm

NEW YORK, July 27, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Otelco, Inc. ("OTEL" or the "Company") (NASDAQ: OTEL) in connection with the proposed acquisition of the Company by affiliates.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Otelco, Inc.

NEW YORK, July 27, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Otelco Inc. (NASDAQ: OTEL) to affiliates formed by Oak Hill Capital ("Oak Hill") for $11.75 per share is fair to Otelco shareholders.

Otelco Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether The Sale Of Otelco Inc. Is Fair To Shareholders; Investors Are Encouraged To Contact The Firm

ONEONTA, Ala., July  27, 2020  (GLOBE NEWSWIRE) --  Otelco Inc. (Nasdaq: OTEL),  a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its second quarter 2020 financial and operational results after the close of trading on Tuesday, August 4, 2020.  The Company will hold a conference call to discuss these results on Wednesday, August 5, 2020, at 11:30 a.m. (Eastern Time).  To listen to the call, participants should dial (856) 344-9299 approximately 10 minutes prior to the start of the call.  A telephonic replay will be available from 2:30 p.m. (Eastern Time) on August 5, 2020, through August 14, 2020, by dialing (719) 457-0820 and entering Confirmation Code 4356750.

OTELCO ANNOUNCES RELEASE DATE FOR  SECOND QUARTER 2020 RESULTS

New York, New York--(Newsfile Corp. - July 27, 2020) -  The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased Otelco Inc.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Sale of Otelco Inc. to Oak Hill Capital

ONEONTA, Ala., July  27, 2020  (GLOBE NEWSWIRE) -- 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 $105.6 million. As part of the definitive agreement, Oak Hill will assume or refinance Otelco’s outstanding debt. The consideration represents a 43.3% premium to the unaffected share price of Otelco as of June 23, 2020, a 53.2% premium to the 20-Day Volume Weighted Average Price as of the same date, and a 58.1% premium to Otelco’s average daily closing stock price during the second quarter of 2020.

Otelco Agrees to be Acquired by Oak Hill Capital

Otelco Inc. (OTEL) CEO Richard Clark on Q1 2020 Results - Earnings Call Transcript

ONEONTA, Ala., April  07, 2020  (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its first quarter  2020 financial and operational results after the close of trading on Monday, May 4, 2020.  The Company will hold a conference call to discuss these results on Tuesday, May 5, 2020, at 11:30 a.m. (Eastern Time).  To listen to the call, participants should dial (856) 344-9299 approximately 10 minutes prior to the start of the call.  A telephonic replay will be available from 2:30 p.m. (Eastern Time) on May 5, 2020, through May 14, 2020, by dialing (719) 457-0820 and entering Confirmation Code 7244549.

OTELCO ANNOUNCES RELEASE DATE FOR FIRST QUARTER 2020 RESULTS AND PROVIDES OPERATIONAL UPDATE 

Otelco, Inc. (OTEL) CEO Richard Clark on Q4 2019 Results - Earnings Call Transcript

ONEONTA, Ala., March  09, 2020  (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced operational and financial results for its fourth quarter and year ended December 31, 2019. Key operational and financial highlights for Otelco include:

Otelco Reports Fourth Quarter and 2019 Operational and Financial Results

Otelco Inc. (OTEL) CEO Rob Souza on Q3 2019 Results - Earnings Call Transcript

ONEONTA, Ala., Oct.  08, 2019  (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its third quarter 2019 financial and operational results after the close of trading on Tuesday, November 5, 2019. The Company will hold a conference call to discuss these results on Wednesday, November 6, 2019, at 11:30 a.m. (Eastern Time). To listen to the call, participants should dial (856) 344-9221 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2:30 p.m. (Eastern Time) on November 6, 2019, through November 15, 2019, by dialing (719) 457-0820 and entering Confirmation Code 2896913.

Otelco Announces Release Date for Third Quarter 2019 Results and Fiber Deployment Update

Otelco Inc. (OTEL) CEO Rob Souza on Q2 2019 Results - Earnings Call Transcript

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News for Otelco Stock (OTEL)