Wednesday, May 6, 2015

Merged firm picks Philly name

Phone to UI: WVT will be Alteva

Merged firm picks Philly name

Travel Deals

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)

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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