Archtop Fiber deals for GTel
KINGSTON, N.Y. – Archtop Fiber, a provider of multi-gig, 100%-fiber Internet and phone service to residential and business customers across the Northeast, has signed a stock purchase agreement with GTel, the fiber-rich, fourth-generation, family-owned voice, video and Internet service provider based in Germantown, New York. Through this strategic agreement, Archtop Fiber will provide telecommunications services in more than five townships across New York's southern Columbia County, bringing new tech-focused jobs and business opportunities to the area as the need for expanded connectivity and robust broadband services demand.
Archtop Fiber is a team of telecom industry veterans, with a mission to build a world-class, fiber multi-gig broadband service provider committed to delivering the fastest, most reliable, environmentally friendly and affordable Internet access. Backed by a $350 million investment by Post Road Group, a digital infrastructure and real estate investment platform, the Kingston-based company's high-capacity, reliable fiber network will be capable of running entire homes, businesses, hospitals, schools and cities across the Northeast.
The acquisition is anticipated to close in early 2023 pending regulatory government approvals.
Read the full announcement here.