Archtop Fiber continues expansion with Hancock Telephone buy
Archtop Fiber, an emerging provider of multi-gigabit broadband services via fiber to the premises (FTTP), says it will further expand by acquisition via a deal to acquire Hancock Telephone Co. Family-owned Hancock Telephone serves customers in New York’s Delaware County and northeastern Pennsylvania. Financial terms of the deal, which is expected to close early this year pending regulatory approvals, were not disclosed.
“As a family-owned business since 1901, Hancock Telephone has played an important role in this community, bringing our customers the latest technologies and the highest level of service. For over a century, we have built our business on a solid foundation of hard work and a strong dedication to innovation, taking great pride in what we do and the solutions we provide,” said Robert Wrighter, Sr., CEO of Hancock Telephone. “Just like us, Archtop Fiber is committed to delivering innovation and technology-focused opportunities to the families and businesses of this vibrant area. With a wealth of experience partnering with communities and building world-class broadband networks, Archtop Fiber is committed to bringing meaningful digital transformation and opportunity to the region.”
“We are deeply honored to carry on the legacy of Hancock Telephone, a company known for its rich history, innovative spirit and outstanding quality of service,” said Jeff DeMond, founder and CEO of Archtop Fiber. “As an expert team of telecom industry veterans, we are proud to serve the Hancock community, bringing more jobs and more business opportunities to all who live and work here. We will leverage our decades of experience to continue innovating and expanding digital growth across the area.”
Founded last August, Archtop Fiber aims to become a multi-gigabit broadband service provider in the U.S. Northeast with the help of $350 million in backing from Post Road Group. The Hancock Telephone deal is Archtop Fiber’s second acquisition, following an announcement this past November that the company will buy Gtel (see “Archtop Fiber to buy NY broadband provider GTel”). The company also has reached partnership agreements with several communities in New York.
For related articles, visit the Business Topic Center.
For more information on FTTx technology and suppliers, visit the Lightwave Buyer’s Guide.
To stay abreast of fiber network deployments, subscribe to Lightwave’s Service Providers and Datacom/Data Center newsletters.
Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
You can connect with Stephen on LinkedIn as well as Twitter.