Alteva sold for $17 million

The company has sold to Warwick Valley Telephone Company for $17 million in cash and stock. Based in the Bourse building in Old City, Alteva provides VoIP services to businesses. Read our 2009 profile on the company here. From the release: Following the closing of the acquisition, WVT will integrate its existing Competitive Local Exchange Carrier […]

By:

Jul 14, 2011 5:23pm

The company has sold to Warwick Valley Telephone Company for $17 million in cash and stock. Based in the Bourse building in Old City, Alteva provides VoIP services to businesses. Read our 2009 profile on the company here.
From the release:

Following the closing of the acquisition, WVT will integrate its existing Competitive Local Exchange Carrier (“CLEC”) business, USA Datanet, with the operations of Alteva … It is anticipated that the Alteva acquisition will increase WVT’s consolidated revenues by approximately 30% on an annual basis.

Source: MarketWatch

Tags: Acquisitions / Business

Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Let’s Rallie brings Philadelphians together IRL — with a little help from their phones

Philly coding bootcamp guide: Redefine your career path

This Week in Jobs: Pursue meaningful work with these 25 tech career opportunities

Lula brings mom-and-pop stores into the online delivery age

Share this article