Acquisition to Carry on GTel Legacy of Service and Innovation, Bringing New Jobs and Business Opportunities
Kingston, New York, November 17, 2022 – 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.
“We are honored GTel has entrusted us to continue the remarkable legacy it has established over nearly a century. Just like GTel, we are committed to innovation and building a brighter future for our neighbors in southern Columbia County and beyond,” said Jeff DeMond, Founder and CEO of Archtop Fiber. “We have a deep-rooted relationship with GTel and are proud to keep the company’s momentum going. We will leverage our knowledge and experience to expand digital growth and bring even more jobs and tech-driven opportunities to this vibrant area.”
“Archtop Fiber could not be a more perfect choice to carry on the legacy of GTel. After 95 years of dedicated service, we are pleased to pass the torch to the Archtop team who will expand the reach of best-in-class Internet and voice services to our communities, especially as the need for innovation and jobs continues to grow at an accelerated pace,” said Bruce Bohnsack, President of GTel. “From a small business with just two telephone lines in 1905 to a leading, fiber-first Internet, video and voice service provider today, the four generations of Bohnsack family management – coupled with experienced local staff – have grown this company from the ground up, which truly has been a labor of love. Now it’s time for a new chapter. Our family, the GTel staff and the communities served can’t wait to see what happens next with the telecom experts at Archtop leading the way. The future is truly bright for the region.”
The acquisition is anticipated to close in early 2023 pending regulatory government approvals.
To learn more about Archtop Fiber and its planned markets and services, visit www.archtopfiber.com.