Otelco (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, acquired reliable networks of Maine, LLC, a provider of cloud and managed services for companies that rely on critical applications hosting mission.
The combination expands the supply of existing Otelco carrier-class services to support critical VoIP, email, database and vertical software applications industry.
over the years, Otelco collaborated with reliable networks on major VoIP telephone infrastructure deployments, more complex. Leveraging the networking and application managed hosting expertise reliable networks by the acquisition of the company would be a natural extension of the development of the current product and service offerings Otelco to support growth in Hosted IP PBX Voice product.
Division OTT Communications
Otelco paid $ 500,000 at the close of the acquisition. The balance of the purchase price will be paid in stock over the next three years , contingent on reliable networks achievement of certain financial targets. The acquisition will provide Otelco with additional accommodation facilities managed services to complement the growth of existing IP services, while expanding its presence on the market today. reliable networks function as a division of OTT Communications, New England competitive operating entity Otelco.
With approximately 96,000 voice and data access lines, Otelco is among the 25 largest local exchange carriers in the United States based on the number of access lines. reliable networks of Maine, LLC provides technology consulting, management of hosting services and cloud / hosting private hybrid across the United States.
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