Otelco Inc. is engaged in providing a range of telecommunications services on a retail and wholesale basis. The Company’s services include local and long distance calling; network access to and from its customers; data transport; digital high-speed and dialup Internet access; cable, satellite and Internet protocol television; wireless; and other telephone related services. The principal markets for these services are residential and business customers residing in and adjacent to the exchanges the Company serves in Alabama, Massachusetts, Maine, Missouri and West Virginia. In addition, the Company serves business customers throughout the state of Maine and provides dial-up Internet service throughout the states of Maine and Missouri. The Company offers various communications services that are sold to economically similar customers in a comparable manner of distribution. On October 31, 2008, the Company acquired Pine Tree Holdings Inc, Granby Holdings Inc and War Holdings Inc.