Otelco Cl A Cmn (OTEL) 4.32 $OTEL
Otelco Reports Second Quarter 2016 Results
GlobeNewswire - Tue Aug 02, 4:00PM CDT
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, and a provider of cloud hosting and managed services, today announced results for its second quarter ended June 30, 2016. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco Reports First Quarter 2016 Results
GlobeNewswire - Wed May 04, 4:00PM CDT
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, and a provider of cloud hosting and managed services, today announced results for its first quarter ended March 31, 2016. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco Announces Execution of New $105 Million Credit Facilities
GlobeNewswire - Mon Jan 25, 3:05PM CST
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced that it has executed new credit facilities totaling $105 million in the aggregate. Under the terms of a new senior loan agreement, Cerberus Business Finance, LLC will extend a new five year first lien term loan facility to Otelco in the aggregate principal amount of $85 million and also provide a new $5 million revolving credit facility, which will be undrawn at the time the term loan is funded. The first lien term loan bears interest at a rate equal to, at the Company's option, either a reference rate plus an applicable margin equal to 5.50% or a LIBOR rate plus an applicable margin equal to 7.75%, with a 1.00% LIBOR floor. In addition, NewSpring Mezzanine Capital III, L.P. will provide a new five and a half year senior subordinated term loan facility in the amount of $15 million. The senior subordinated term loan bears cash interest at 12.00% and paid-in-kind interest at 2.00%. The total borrowings, together with cash on hand, will be used to refinance the Company's existing bank-syndicated credit facility, which is scheduled to mature on April 30, 2016. The Company's existing credit agreement will remain effective until funding occurs under the new credit facilities. Piper Jaffray & Co. served as the exclusive financial advisor and lead placement agent for the Company in connection with the new credit facilities.
OTEL: 4.32 (unch), PJC: 48.44 (+0.96)
Otelco Reports Third Quarter Results
GlobeNewswire - Wed Nov 04, 4:06PM CST
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia and a provider of cloud hosting and managed services, today announced results for its third quarter ended September 30, 2015. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco to Release 2015 Third Quarter Results
GlobeNewswire - Tue Oct 06, 10:30AM CDT
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its 2015 third quarter financial and operational results after the close of trading on Wednesday, November 4, 2015. The Company will hold a conference call to discuss third quarter results on Thursday, November 5, 2015, at 11:30 a.m. (Eastern Time). To listen to the call, participants should dial (785) 830-7987 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2:30 p.m. (Eastern Time) on November 5, 2015 through November 19, 2015, by dialing (719) 457-0820 and entering Confirmation Code 3026069.
OTEL: 4.32 (unch)
Otelco Reports Second Quarter Results
BusinessWire - Tue Aug 04, 4:05PM CDT
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia and a provider of cloud hosting and managed services, today announced results for its second quarter ended June 30, 2015. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco to Release 2015 Second Quarter Results
GlobeNewswire - Tue Jul 07, 10:00AM CDT
Otelco Inc. (Nasdaq:OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its 2015 second quarter financial and operational results after the close of trading on Tuesday, August 4, 2015. The Company will hold a conference call to discuss second quarter results on Wednesday, August 5, 2015, at 11:30 a.m. (Eastern Time). To listen to the call, participants should dial (785) 830-7991 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2:30 p.m. (Eastern Time) on August 5, 2015 through August 19, 2015, by dialing (719) 457-0820 and entering Confirmation Code 3933192.
OTEL: 4.32 (unch)
Otelco Reports First Quarter Results
BusinessWire - Tue May 05, 4:01PM CDT
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia and a provider of cloud hosting and managed services, today announced results for its first quarter ended March 31, 2015. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco to Release 2015 First Quarter Results
BusinessWire - Mon Apr 06, 10:21AM CDT
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its 2015 first quarter financial and operational results after the close of trading on Tuesday, May 5, 2015. The Company will hold a conference call to discuss first quarter results on Wednesday, May 6, 2015, at 11:30 a.m. (Eastern Time). To listen to the call, participants should dial (719) 325-2495 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2:30 p.m. (Eastern Time) on May 6, 2015 through May 19, 2015, by dialing (719) 457-0820 and entering Confirmation Code 3717127.
OTEL: 4.32 (unch)
Nasdaq stocks posting largest volume increases
AP - Thu Apr 02, 5:09PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
OTEL: 4.32 (unch), CHMG: 28.92 (+0.30), NYMX: 3.40 (+0.04), VLTC: 2.60 (unch), UACL: 14.26 (-0.85), DYAX: 38.04 (-0.37)
Otelco Reports Fourth Quarter and 2014 Results
BusinessWire - Mon Mar 02, 4:00PM CST
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia and a provider of cloud hosting and managed services, today announced results for its fourth quarter and year ended December 31, 2014. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco to Release 2014 Fourth Quarter and Year-End Results
BusinessWire - Mon Feb 02, 10:00AM CST
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its 2014 fourth quarter and year-end financial and operational results after the close of trading on Monday, March 2, 2015. The Company will hold a conference call to discuss fourth quarter and year-end results on Tuesday, March 3, 2015, at 11:30 a.m. (Eastern Time). To listen to the call, participants should dial (719) 457-1512 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2:30 p.m. (Eastern Time) on March 3, 2015 through March 16, 2015, by dialing (719) 457-0820 and entering Confirmation Code 1350651.
OTEL: 4.32 (unch)
Otelco Announces Retirement of Michael D. Weaver and Appointment of Robert J. Souza as Chief Executive Officer and Director
BusinessWire - Wed Dec 10, 4:00PM CST
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia and a provider of cloud hosting and managed services, announced today that Michael D. Weaver, Chief Executive Officer and a director of Otelco, will retire on December 31, 2014. Coincident with Mr. Weaver's retirement, the Board of Directors of the Company has appointed Robert J. Souza, currently President of Otelco, to the additional position of Chief Executive Officer. Mr. Souza was also elected to the Board of Directors effective with Mr. Weaver's retirement. Mr. Weaver will serve as a consultant to the Company for one year to ensure a smooth transition.
OTEL: 4.32 (unch)
Otelco Reports Second Quarter 2016 Results
GlobeNewswire - Tue Aug 02, 4:00PM CDT
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, and a provider of cloud hosting and managed services, today announced results for its second quarter ended June 30, 2016. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco Reports First Quarter 2016 Results
GlobeNewswire - Wed May 04, 4:00PM CDT
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, and a provider of cloud hosting and managed services, today announced results for its first quarter ended March 31, 2016. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco Announces Execution of New $105 Million Credit Facilities
GlobeNewswire - Mon Jan 25, 3:05PM CST
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced that it has executed new credit facilities totaling $105 million in the aggregate. Under the terms of a new senior loan agreement, Cerberus Business Finance, LLC will extend a new five year first lien term loan facility to Otelco in the aggregate principal amount of $85 million and also provide a new $5 million revolving credit facility, which will be undrawn at the time the term loan is funded. The first lien term loan bears interest at a rate equal to, at the Company's option, either a reference rate plus an applicable margin equal to 5.50% or a LIBOR rate plus an applicable margin equal to 7.75%, with a 1.00% LIBOR floor. In addition, NewSpring Mezzanine Capital III, L.P. will provide a new five and a half year senior subordinated term loan facility in the amount of $15 million. The senior subordinated term loan bears cash interest at 12.00% and paid-in-kind interest at 2.00%. The total borrowings, together with cash on hand, will be used to refinance the Company's existing bank-syndicated credit facility, which is scheduled to mature on April 30, 2016. The Company's existing credit agreement will remain effective until funding occurs under the new credit facilities. Piper Jaffray & Co. served as the exclusive financial advisor and lead placement agent for the Company in connection with the new credit facilities.
OTEL: 4.32 (unch), PJC: 48.44 (+0.96)
Otelco Reports Third Quarter Results
GlobeNewswire - Wed Nov 04, 4:06PM CST
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia and a provider of cloud hosting and managed services, today announced results for its third quarter ended September 30, 2015. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco to Release 2015 Third Quarter Results
GlobeNewswire - Tue Oct 06, 10:30AM CDT
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its 2015 third quarter financial and operational results after the close of trading on Wednesday, November 4, 2015. The Company will hold a conference call to discuss third quarter results on Thursday, November 5, 2015, at 11:30 a.m. (Eastern Time). To listen to the call, participants should dial (785) 830-7987 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2:30 p.m. (Eastern Time) on November 5, 2015 through November 19, 2015, by dialing (719) 457-0820 and entering Confirmation Code 3026069.
OTEL: 4.32 (unch)
Otelco Reports Second Quarter Results
BusinessWire - Tue Aug 04, 4:05PM CDT
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia and a provider of cloud hosting and managed services, today announced results for its second quarter ended June 30, 2015. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco to Release 2015 Second Quarter Results
GlobeNewswire - Tue Jul 07, 10:00AM CDT
Otelco Inc. (Nasdaq:OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its 2015 second quarter financial and operational results after the close of trading on Tuesday, August 4, 2015. The Company will hold a conference call to discuss second quarter results on Wednesday, August 5, 2015, at 11:30 a.m. (Eastern Time). To listen to the call, participants should dial (785) 830-7991 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2:30 p.m. (Eastern Time) on August 5, 2015 through August 19, 2015, by dialing (719) 457-0820 and entering Confirmation Code 3933192.
OTEL: 4.32 (unch)
Otelco Reports First Quarter Results
BusinessWire - Tue May 05, 4:01PM CDT
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia and a provider of cloud hosting and managed services, today announced results for its first quarter ended March 31, 2015. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco to Release 2015 First Quarter Results
BusinessWire - Mon Apr 06, 10:21AM CDT
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its 2015 first quarter financial and operational results after the close of trading on Tuesday, May 5, 2015. The Company will hold a conference call to discuss first quarter results on Wednesday, May 6, 2015, at 11:30 a.m. (Eastern Time). To listen to the call, participants should dial (719) 325-2495 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2:30 p.m. (Eastern Time) on May 6, 2015 through May 19, 2015, by dialing (719) 457-0820 and entering Confirmation Code 3717127.
OTEL: 4.32 (unch)
Nasdaq stocks posting largest volume increases
AP - Thu Apr 02, 5:09PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
OTEL: 4.32 (unch), CHMG: 28.92 (+0.30), NYMX: 3.40 (+0.04), VLTC: 2.60 (unch), UACL: 14.26 (-0.85), DYAX: 38.04 (-0.37)
Otelco Reports Fourth Quarter and 2014 Results
BusinessWire - Mon Mar 02, 4:00PM CST
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia and a provider of cloud hosting and managed services, today announced results for its fourth quarter and year ended December 31, 2014. Key highlights for Otelco include:
OTEL: 4.32 (unch)
Otelco to Release 2014 Fourth Quarter and Year-End Results
BusinessWire - Mon Feb 02, 10:00AM CST
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its 2014 fourth quarter and year-end financial and operational results after the close of trading on Monday, March 2, 2015. The Company will hold a conference call to discuss fourth quarter and year-end results on Tuesday, March 3, 2015, at 11:30 a.m. (Eastern Time). To listen to the call, participants should dial (719) 457-1512 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 2:30 p.m. (Eastern Time) on March 3, 2015 through March 16, 2015, by dialing (719) 457-0820 and entering Confirmation Code 1350651.
OTEL: 4.32 (unch)
Otelco Announces Retirement of Michael D. Weaver and Appointment of Robert J. Souza as Chief Executive Officer and Director
BusinessWire - Wed Dec 10, 4:00PM CST
Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia and a provider of cloud hosting and managed services, announced today that Michael D. Weaver, Chief Executive Officer and a director of Otelco, will retire on December 31, 2014. Coincident with Mr. Weaver's retirement, the Board of Directors of the Company has appointed Robert J. Souza, currently President of Otelco, to the additional position of Chief Executive Officer. Mr. Souza was also elected to the Board of Directors effective with Mr. Weaver's retirement. Mr. Weaver will serve as a consultant to the Company for one year to ensure a smooth transition.
OTEL: 4.32 (unch)
