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Otelco Buys Mid-Maine for $38M

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ONEONTA, Ala., April 11, 2006 -- Otelco Inc., a telephone services provider in rural Alabama and Missouri, announced today it will acquire privately owned Mid-Maine Communications Inc. of Bangor, Maine, for approximately $37.8 million in cash. Otelco President and CEO Mike Weaver said the acquisiton of Mid-Maine, also a rural wireline telephone provider, will complement its existing operations. "More importantly, Mid-Maine has demonstrated strong financial performance and operational results, and their management team will continue to lead operations after the transaction closes. We also believe expansion opportunities...Read full article

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    Published: April 2006
    acquisitionsCommunicationsMid-Maine Communications Inc.News & FeaturesOtelco Inc.rural wireline providertandem switchWeaver

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