HFA Holdings Acquires Skyetel (Skye Telecom, LLC)

Shenandoah Telecommunications Company Acquires Horizon Telcom

April 1, 2024

Telecommunications

Shenandoah Telecommunications Company (Shentel) acquired 100% of Horizon Telcom for $385 million ($305M cash and $80M in Shentel stock), a transaction announced Oct. 24, 2023 and completed April 1, 2024. The deal, which represented an exit for Novacap and included GCM Grosvenor exchanging its Horizon equity for Shentel shares, expands Shentel's commercial fiber footprint into Ohio and accelerates its Glo Fiber FTTH expansion.

Oak Hill Capital Acquires Otelco Inc.

March 31, 2021

Telecommunications

Oak Hill Capital, through an entity formed by the firm, agreed to acquire Otelco Inc. for $11.75 per share (approximately $40.6 million equity purchase price) with an enterprise value of about $105.6 million. The deal, announced July 27, 2020, closed March 31, 2021; Oak Hill intends to accelerate Otelco’s fiber-to-the-premises deployment and combine Otelco with its fiber investments GoNetspeed and Lantek to expand fiber network capabilities and geographic reach.

Spectral Capital Corporation Acquires 42 Telecom Ltd.

August 3, 2025

Telecommunications

Spectral Capital Corporation (OTC: FCCN) completed the acquisition of 42 Telecom Ltd., acquiring 100% of the outstanding shares in exchange for 8 million shares of Spectral common stock (with an additional 8 million shares placed in escrow). The deal includes a contractual guarantee of at least $16 million in profitable revenue for fiscal 2025 and will integrate Spectral's AI and quantum IP into 42's messaging infrastructure to accelerate product capability and U.S. enterprise expansion.

SinglePoint Solutions Acquires Sky Technology Partners

November 1, 2021

Telecommunications

SinglePoint Solutions, a Louisville-based communications technology consultant backed by Soterra Capital, has acquired Sky Technology Partners, a telecom and communications solutions firm based in Wayne, New Jersey. The add-on deal will integrate Sky's vendor-agnostic communications and project management capabilities into SinglePoint to expand market presence and broaden service offerings.

HTH Communications (via V-Tel) Acquires AirVoice Wireless

January 31, 2022

Telecommunications

HTH Communications, through its wholly-owned subsidiary V-Tel, has acquired AirVoice Wireless, a provider of Lifeline, Affordable Connectivity Program and prepaid wireless services operating across ten U.S. states. The acquisition expands HTH’s national footprint and service offerings, enabling the combined company to provide Lifeline, ACP and prepaid services across all 50 states under multiple consumer brands.

iQSTEL Acquires 51% Stake in QXTEL

January 23, 2024

Telecommunications

iQSTEL Inc. has entered into a binding agreement to acquire 51% of the capital stock of QXTEL, a wholesale telecommunications provider with offices across Miami, London, Buenos Aires, Istanbul, Belgrade and Dubai. Management said the deal nearly doubles iQSTEL's revenue, brings new wholesale carrier customers and executive talent, and will be integrated to drive operating efficiencies and margin expansion.