Alteva

Has sold its business to

Momentum Telecom

Alteva, a NYSE-listed premier provider of hosted Unified Communications as a Service (UCaaS) that enhances business user productivity and efficiency by integrating and optimizing best-in-class cloud-based technologies and business applications to deliver a comprehensive voice, video and collaboration service for the office and mobile workforce, was sold to Momentum Telecom. Momentum Telecom is a leading VoIP, broadband services and unified communications provider, offering smart, customizable cloud solutions to direct subscribers and more than 400 partners nationwide via a geo-redundant network through regional offices across the US. To achieve the successful sale, the Company pursued a comprehensive broad-based competitive auction which included strategic and financial buyers.

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