Otelco Wraps Rural Telecom Buy With Loan

Otelco completed the acquisition of three rural telecom properties from Country Road Communications Oct. 31 backed by a $188.5 million credit facility from lead arrangers GE Capital Markets and CoBank.

  • 05 Nov 2008

Otelco completed the acquisition of three rural telecom properties from Country Road Communications Oct. 31 backed by a $188.5 million credit facility from lead arrangers GE Capital Markets and CoBank.

“The telecommunications industry is consolidating, and we’re consolidating what we consider the smaller end of the market,” said Curtis ...

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