Archtop Fiber today agreed to acquire New York-based Warwick Valley Telephone Co. (WVT) from Momentum Telecom for an undisclosed price. The deal is expected to close later this year, pending regulatory approval.
Archtop Fiber was formed less than a year ago when investment firm Post Road Group said it would invest as much as $350 million in the company.
Since then, Archtop entered stock purchase agreements with family-owned, Hancock, N.Y. -based Hancock Telephone Co., and GTel, a fourth-generation, family-owned voice, video and Internet service provider based in Germantown, NY.
Archtop Warwick Valley Deal
WVT can trace its roots back to 1902, when it started out as a local rural phone company. Since 2015, it has been owned by cloud provider Momentum Telecom.
Archtop plans for WVT involve providing telecommunications services to customers in New York’s Orange County and portions of central New York and northwestern New Jersey. The acquiring company also plans to leverage Momentum cloud voice solutions in its greenfield markets.
“Our leadership team has a longstanding relationship with Momentum, and we’ve always admired WVT for its commitment to the community and passion for customer service,” Jeff DeMond, Archtop Fiber chairman and CEO, said in a prepared statement about the Archtop Warwick Valley deal. “Their service area fits right in with our network plans, and our ideologies are very much aligned.”
The latest acquisition expands Archtop Fiber’s Northeast footprint.
