Warwick Valley Telephone Announced Acquisition of Alteva

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Warwick Valley Telephone Announced Acquisition of Alteva Warwick Valley Telephone Announced Acquisition of AltevaWarwick Valley Telephone Announced Acquisition of Alteva

 

16 July 2011

Warwick Valley Telephone has announced acquisition of Alteva, cloud and UC provider, for $17 million in cash and stock.
The board of directors of both companies has approved the acquisition that still has to meet regulatory approvals. The completion of the acquisition is expected in Q3 2011.
After the completion of the acquisition of Alteva, two companies will integrate their CLEC business with Alteva's operations.
Acquisition of Alteva will significantly extend WVT’s business service portfolio, so the company will be able to compete against area cable operators.

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