 NEW GLOUCESTER, Maine, March 31, 2021 GLOBE NEWSWIRE -- Otelco Inc. NASDAQ: OTEL Otelco or the Company, a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont, and West Virginia, today announced an entity formed by Oak Hill Capital Oak Hill, a private equity firm, completed its acquisition of Otelco Inc. for 11.75 per share in cash, representing a total equity purchase price of approximately 40.6 million. As a result of the transactions completion, Otelcos common stock will cease trading at the close of market today and will be delisted from the NASDAQ Stock Market. 