Publicly-traded Warwick Valley Telephone Company, Warwick, NY, says it's dropping its historic name, which recalls its history as a local telephone service, in favor of its fast-growing Philadelphia-based subsidiary, "unified communications" online phone service provider Alteva, as of today, with formal recognition pending shareholder approval. The firm plans to change its New York Stock Exchange ticker to ALTV from WVT on Feb. 4.
"The influential presence that Alteva has developed within the business markets it serves and the cloud-based Unified Communications cosystem will be leveraged by all our operating segments," said president David Cuthbert in a statement.
More on Alteva here. For more about rival Evolve IP, based in Strafford, backed by investor Ira Lubert and led by tech veteran Thomas Gravina, read Philly Tech News item here. (corrected)