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,…

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