Carrying on a Rich Legacy of Service and Innovation; Bringing New Jobs and Business Opportunities
Archtop Fiber has signed a stock purchase agreement with GTel, the fiber-rich, fourth-generation, family-owned voice, video and Internet service provider based in Germantown, New York. Through this strategic agreement, Archtop Fiber will carry on GTel’s rich 95-year legacy of service and innovation, providing telecommunications services in more than five townships across New York’s southern Columbia County.
As the need for expanded connectivity and robust broadband services grows across the area, Archtop is set to deliver the most reliable, environmentally friendly and affordable 100%-fiber Internet access, bringing new tech-focused jobs and business opportunities along with it.
“We are honored GTel has entrusted us to continue the remarkable legacy it has established over nearly a century. Just like GTel, we are committed to innovation and building a brighter future for our neighbors in southern Columbia County and beyond,” said Jeff DeMond, Founder and CEO of Archtop Fiber. “We have a deep-rooted relationship with GTel and are proud to keep the company’s momentum going. We will leverage our knowledge and experience to expand digital growth and bring even more jobs and tech-driven opportunities to this vibrant area.”
“From a small business with just two telephone lines in 1905 to a leading, fiber-first Internet, video and voice service provider today, the four generations of Bohnsack family management – coupled with experienced local staff – have grown this company from the ground up, which truly has been a labor of love,” said Bruce Bohnsack, President of GTel. “Now it’s time for a new chapter. Our family, the GTel staff and the communities served can’t wait to see what happens next with the telecom experts at Archtop leading the way. The future is truly bright for the region.”
The GTel acquisition is anticipated to close in early 2023 pending regulatory government approvals.
Archtop’s fully funded acquisition and fiber broadband strategy includes the Town/Village of Saugerties, City of Kingston, Town of Ulster, among many others.
To read the full announcement, click here.
