Otelco Purchased by Oak Hill Capital

Oak Hill Capital has completed its acquisition of Otelco Inc. for $11.75 per share or a total equity purchase price of approximately $40.6 million. In addition, as part of the agreement, Oak Hill assumed or refinanced Otelco’s outstanding debt. Otelco Inc., headquartered in Oneonta in Blount County, is a wireline telecommunications service provider in Alabama,…

Thank you for reading!

To continue reading this article you must be registered and logged into this site. If you already have an account please login now, otherwise you can click here to register for new account.

Login       Register

The latest Alabama business news delivered to your inbox