Archtop Fiber has signed a stock purchase agreement with Momentum Telecom to acquire New York-based Warwick Valley Telephone Co. (WVT), which was founded in 1902 and has been part of Momentum since 2015. The WVT acquisition is anticipated to close in late 2023 pending regulatory approvals.
The deal represents Archtop’s third North-eastern takeover in quick succession. Over the last six months, Archtop has entered into stock purchase agreements with family-owned Hancock Telephone Co., which is based in Hancock, New York, and GTel, a family-owned ISP based in Germantown, New York.