GoNetSpeed, formerly OTELCO, Inc. is a telecommunications holding company based in Oneonta, Alabama. The company owns small, independent telephone companies in West Virginia, Missouri, Maine, Massachusetts, Vermont, and Alabama. Its services include local and long distance telephone, network access, cable television and other related services.[1] The company was publicly traded on NASDAQ until 2021 when it was acquired by private equity firm Oak Hill Capital Partners for $40.6 million.[2]
| Company type | Private |
|---|---|
| Nasdaq: OTEL | |
| Industry | Telecommunications |
| Founded | 1998 |
| Headquarters | , United States |
| Services | Fixed line telephone service, Internet access, Cable television |
| Owner | Oak Hill Capital Partners |
| Subsidiaries | War Telephone Granby Telephone and Telegraph Company |
| Website | www |
The company owns:[3]
- Brindlee Mountain Telephone Company - Arab, Alabama
- Granby Telephone & Telegraph - Granby, Massachusetts
- Mid-Maine Communications - Bangor, Maine
- Mid-Missouri Telephone - Pilot Grove, Missouri
- Pine Tree Telephone & Telegraph - Gray and New Gloucester, Maine
- Saco River Telephone & Telegraph - Waterboro, West Buxton, and Bar Mills, Maine
- Shoreham Telephone Company - Shoreham, Vermont
- War Telephone - McDowell County, West Virginia
- Oneonta Telephone Company - Oneonta, Alabama
The company's subsidiaries do business as OTELCO.
As of April 27, 2022, the company rebranded as GoNetSpeed to represent their focus on providing fiber internet.[4]
References
edit- ^ "OTT Communications announces corporate rebranding, changes name to Otelco". Bangor Daily News. Retrieved 2020-04-23.
- ^ "Oak Hill Capital Completes Acquisition of Otelco Inc" (Press release). Otelco Inc. Globe Newswire. March 31, 2021.
- ^ OTELCO COMPANIES RATES, TERMS, and CONDITIONS
- ^ "OTELCO announces rebrand; unveils new identity as GoNetspeed". GoNetSpeed. Retrieved 23 November 2022.