Archtop Fiber is at it again, this time announcing plans to buy an acclaimed regional telecommunications company that’s over a century old.
Kingston, New York-based Archtop has signed a stock purchase agreement with Momentum Telecom to acquire Warwick Valley Telephone Co. (WVT). Established in 1902, WVT serves New York’s Orange County and portions of central New York and northwestern New Jersey. It has been a part of Momentum since 2015.
Archtop Fiber will upgrade WVT’s network with its fiber to bring high-speed internet and increased bandwidth, while carrying on WVT’s legacy of dedicated customer service and strong community presence.
“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,” said Jeff DeMond, Chairman and CEO of Archtop Fiber. “Their service area fits right in with our network plans, and our ideologies are very much aligned.”
“Archtop Fiber is an ideal successor to not only take the Warwick Valley Telephone torch, but to enhance it so its light burns brighter than ever. WVT has been able to accomplish an impressive amount for a company its size over its storied history, riding the wave of innovation to offer top-quality services to our customers,” said Todd Zittrouer, CEO of Momentum Telecom. “We see this agreement as a continuation of those efforts. Archtop Fiber is uniquely positioned to give WVT customers world-class broadband, bringing new and exciting opportunities for residential and business customers.”
The WVT acquisition is the latest for Archtop as it expands its footprint in the Northeast. Since November, it has entered agreements to acquire family-owned Hancock Telephone Co., a telecommunications provider based in Hancock, New York, and GTel, the fiber-rich, fourth-generation, family-owned voice, video and internet service provider based in Germantown, New York.
Read the full announcement here.