About OTELCO
OTELCO is a Telecommunications company based in Bangor (United States) founded in 1998, and was acquired by Oak Hill in July 2020. Business communication and TV services provider. OTELCO has raised $15 million across 3 funding rounds from investors including Aurora Cannabis, CoBank and NewSpring Capital. OTELCO has completed 1 acquisition, including Shoreham Telephone. Its chief executive, as recorded, is Robert Souza. OTELCO offers products and services including Fiber Internet and Whole Home Wi-Fi. Its focus areas include Telecom, Telecom Operators and Business Communication. Its competitors include 1&1 IONOS, Vonage and Aureon; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 1998 and headquartered in Bangor, United States, OTELCO operates in the telecommunications sector. Broadband internet, VoIP telephony, digital TV, and related services such as hosted PBX, SIP trunking, and cloud security are offered to business and residential customers. A network of over 3700 miles of fiber infrastructure is owned or leased, with wholesale options available for carriers. Home security and white-label solutions are also provided across the US.
- Total Equity Funding$15M (USD)
in 3 rounds
- Latest Funding Round$92M (USD), Debt – Conventional
Nov 2017
- InvestorsAurora Cannabis
& 4 more
- Investments & Acquisitions
- Acquired byOak Hill
(Jul 2020)
Products & Services of OTELCO
OTELCO offers a comprehensive portfolio of products and services, including Fiber Internet and Whole Home Wi-Fi.
High-speed fiber plans for reliable home and business connectivity.
Wireless setup for seamless device streaming and coverage.
Funding Insights of OTELCO
OTELCO has successfully raised a total of $15M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $92 million completed in November 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $15M
- Total Rounds 3
- Last Round Debt – Conventional — $92M
- First Round $105M
(Jan 2016)
- Investors Count 4
All 3 funding rounds of OTELCO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2017 | $92M | Debt – Conventional | – | – | |
| Feb 2016 | $15M | Private Equity Round | – | – | |
| Jan 2016 | $105M | Debt – Conventional | – | – |
5 investors in total: 5 institutional.
Investors in OTELCO
OTELCO has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Aurora Cannabis, CoBank and NewSpring Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm focusing on lower-middle market growth, healthcare, and various strategies. | newspringcapital.com | |||
Private equity and debt firm focused on multiple sectors | cerberus.com | New York, United States | ||
Mid market focused private equity firm | oakhill.com | New York, United States | ||
Cooperative bank offering loans and financial services to rural agribusiness and infrastructure. | 1989 | cobank.com | Greenwood Village, United States | |
Medical marijuana is produced and distributed by Aurora Cannabis. | 2006 | auroramj.com | Edmonton, Canada |
Investor details for OTELCO
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People of OTELCO
5 people are tracked at OTELCO (5 in leadership).
| Name | Role | Group |
|---|---|---|
Robert Souza | CEO & President | Leadership |
David Allen | Vice President of Network Operations | Leadership |
Curtis Garner | Chief Financial Officer | Leadership |
Trevor Jones | Vice President of Marketing, Sales and Customer Service | Leadership |
Robert J. Souza | President & CEO | Leadership |
Complete people profiles for OTELCO
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Investments & Acquisitions by OTELCO
OTELCO has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Shoreham Telephone.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of wireless internet services | shoreham.net | Fair Haven, United States | 1998 | Apr 2011 | $4.5M |
Complete acquisition details for OTELCO
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- Acquired stakes
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Timeline of OTELCO
6 dated milestones of OTELCO across 22 years, from founding to its latest funding, stage changes and deals.
- Founded OTELCO is founded.
- Acquisition Acquires Shoreham Telephone.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $105.0M.
- Funding Latest funding round, Debt – Conventional, of $92.0M.
- Exit Acquired by Oak Hill.
Competitors of OTELCO
OTELCO has 3 listed competitors in our database, 2 of them funded. They include 1&1 IONOS, Vonage and Aureon.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ionos.com | 1988 | Chesterbrook, United States | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | ||
| vonage.com | 2001 | Holmdel, United States | $644.57M | 1,089 | Provider of contact center business communication solutions | |
| aureon.com | 1988 | West Des Moines, United States | $50.83M | 13,822 | Business telecom and contact center services are provided to enterprises. |
Detailed competitors of OTELCO
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Web traffic of OTELCO
The website of OTELCO (otelco.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▼ 27.9% vs previous month
Websites whose visitors overlap most with OTELCO. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
get8x8.com | get8x8.com | 100% | – | ||
servicemyphone.motorola.com | servicemyphone.motorola.com | 100% | – | ||
my.callcentric.com | my.callcentric.com | 100% | – | ||
| facebook.com | 98% | 12.1B | #3 | View details |
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Related news about Otelco
Complete news archive for OTELCO
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Frequently Asked Questions about OTELCO
OTELCO was founded in 1998 and raised its 1st funding round 18 years after it was founded.
OTELCO is headquartered in Bangor, United States. It is registered at Bangor, Maine, United States.
Robert Souza is the CEO of OTELCO, as recorded in our data.
OTELCO is a funded company, having raised a total of $15M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $105M, raised on Jan 2016.
Founded in 1998 and headquartered in Bangor, United States, OTELCO operates in the telecommunications sector. Broadband internet, VoIP telephony, digital TV, and related services such as hosted PBX, SIP trunking, and cloud security are offered to business and residential customers. A network of over 3700 miles of fiber infrastructure is owned or leased, with wholesale options available for carriers. Home security and white-label solutions are also provided across the US.
OTELCO offers Fiber Internet and Whole Home Wi-Fi.
OTELCO has made 1 acquisition, including Shoreham Telephone.
OTELCO has 5 investors. Key investors include Aurora Cannabis, CoBank, NewSpring Capital, Cerberus Capital Management, and Oak Hill.
Yes. OTELCO was acquired by Oak Hill in July 2020.