WVT Deal Marks Archtop’s Third Acquisition in Five Months as Part of Efforts to Empower Underserved Hudson Valley Markets with Unprecedented Connectivity
Kingston, New York, January 3, 2024 – Archtop Fiber, a provider of multi-gig, 100%-fiber Internet and phone service to residential and business customers across the Northeast, has closed its third acquisition of a regional carrier, Warwick Valley Telephone, and is rapidly starting to deploy the fiber needed to offer ultra-fast Internet service to the area.
Archtop entered a stock purchase agreement in May with Momentum Telecom, a leading provider of managed cloud communications services, to acquire New York-based Warwick Valley Telephone (WVT), which was founded in 1902 and has been part of Momentum since 2015. Through this acquisition, Archtop Fiber will provide telecommunications services to customers in New York’s Orange County and Mid-Hudson Valley and northwestern New Jersey. Archtop also plans to leverage Momentum Cloud Voice solutions in its greenfield markets.
To reflect the changes coming to the company, Archtop is rebranding it as WVT Fiber, in homage to both the brand’s long heritage and its ongoing transformation. Archtop is kicking off construction, over-lashing fiber onto WVT’s existing lines and making preparations to power up its state-of-the-art XGS-PON network, bringing the fastest, most reliable, environmentally friendly and affordable Internet access to the area early this year. The 100%-fiber, multi-gig service features up to 10Gbps upload and download speeds. The trailblazing Internet provider is also committed to continuing WVT’s tradition of dedicated customer service and maintaining a strong presence in the local community.
“We were drawn to WVT for many reasons, not least of which was its reputation as a community institution committed to customer service. We are excited to expand on the strengths of both companies,” said Jeff DeMond, Chairman and CEO of Archtop Fiber. “This is an exciting time for WVT customers as we upgrade their service to fiber. Soon, they will enjoy access to the fastest Internet speeds imaginable along with the myriad opportunities that come with it. We’re proud to be able to deliver this long-awaited service to the community.”
WVT is Archtop Fiber’s latest acquisition as it expands its footprint in the Northeast. Late last year, Archtop completed acquisitions of family-owned Hancock Telephone, based in Hancock, New York, and GTel, also family-owned, in Germantown, New York. 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 state-of-the-art, 100%-fiber multi-gig Internet.
To learn more about Archtop Fiber and its planned markets and services, visit www.archtopfiber.com.
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About Archtop Fiber
Archtop Fiber was founded with a commitment to bring the fastest, most reliable, environmentally friendly and affordable Internet access to those who have traditionally been underserved — or even overlooked. The Archtop team has decades of success partnering with communities, large and small, to create technology-driven opportunities. With a fully funded business strategy, Archtop is dedicated to local investment. This ensures we support customers with upgrades to existing infrastructure while deploying the latest multi-gig, symmetrical, fiber-based network technology to bring faster, more secure and scalable broadband services to those that need them. Archtop Fiber is proudly invested in empowering your day-to-day life, bringing the digital world to you, your community and its businesses, schools, libraries, hospitals, farms and community centers.
Archtop Fiber – Invested In You.
About Momentum
Momentum enables businesses to connect, communicate, and thrive whenever and wherever. Through our suite of industry-leading managed cloud services including global managed network, SD-WAN, cloud voice, and collaboration solutions, Momentum is your single-source provider for connectivity and communications.
Media Contact for Archtop Fiber:
Jaymie Scotto & Associates (JSA)
jsa_archtop@jsa.net
Media Contact for Momentum:
bhildreth@gomomentum.com
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