Archtop Fiber, a Northeast-based fiber broadband provider, has completed its acquisition of acquisition of Hancock Telephone Company, a family-owned telecommunications provider based in Hancock, New York.
Now that the deal is wrapped up, Archtop will provide telecommunications services to customers throughout Hancock’s Delaware County, New York, and northeastern Pennsylvania service area and beyond through this acquisition.
Jeff DeMond, Chairman and CEO of Archtop Fiber, said the fiber network that Hancock built is a “perfect fit for Archtop,” and it plans to expand the network's reach further.
“The Wrighter family has fulfilled the communication needs of the Hancock community for over a century and built an amazing company full of talented, passionate people who we are glad to be working with,” DeMond said. “Robert Wrighter Sr. leaves an indelible mark on this community and industry that will surely serve as an example for years in terms of leadership and vision. We are looking forward to what the future holds for the residents and businesses Hancock Telephone serves.”
Hancock Telephone President Rob Wrighter Jr., agreed and added that by becoming part of Archtop Fiber, it “will be able to expand our reach into Sullivan County and farther into Pennsylvania.”
Archtop has been enhancing its network reach through a mix of organic initiatives and targeted acquisitions. The Hancock deal comes on the heels of the closure of Archtop Fiber’s acquisition of New York-based GTel.
The company said these acquisitions are part of Archtop Fiber’s larger plan to bridge the digital divide in underserved communities in New York’s Hudson Valley and beyond with fiber multi-gig Internet. In May, Archtop announced a stock purchase agreement with Momentum Telecom, a leading provider of managed cloud communications services, to acquire its New York-based Warwick Valley Telephone Co. The deal is pending regulatory approval.