Texas Energy Network, LLC a provider of next generation carrier-class communication services to the oil and natural gas industry, today announced the closing of a minority equity investment from General Communication, Inc. (NASDAQ:GNCMA) TEN intends to use the proceeds of the GCI investment to fund the expansion of TEN’s world-class long-term evolution (“LTE”) wireless communication service offering to its primary customers. General Communication, Inc. (NASDAQ:GNCMA) stock opened at $10.09 in last session, and closed at $10.15, while the day range of General Communication, Inc. (NASDAQ:GNCMA) stock is $10.02 – $10.22. The stock showed a positive weekly performance of 3.89%.
Elephant Talk Communications Corp. (NYSEMKT: ETAK) is a provider of mobile networking software and services. The Company provides operating software, managed services, cloud and Software as a Service (SaaS) solutions, an integrated transaction and delivery platform to the mobile telecommunications industry globally. Elephant Talk Communications Corp (NYSEMKT: ETAK) stock opened at $1.24 in last session, and closed at $1.27 by losing -0.78%. The 52 week range of $0.53 – $1.79. Company’s market capitalization is $170.74M.
PTGi Holding Inc. (OTCMKTS: PTGI) is a leading global wholesale service provider to mobile and fixed network operators across the world. The company has a portfolio of global & domestic wireless, voice, Internet, VOIP, data centre and collocation services to customers located mainly in Canada, Australia, and the U.S. In mid-January, it announced the income-tax treatment for the company’s 2013 distributions. PTGi Holding Inc. (OTCMKTS: PTGI) stock increased 1.35% and finished the last session at $3.75. The EPS of the stock remained -1.73. Company’s market capitalization is $52.40M.
The 2014 Annual Meeting (the “Annual Meeting”) of the stockholders of Otelco Inc. (NASDAQ:OTEL) will be held on May 15, 2014 in New York, New York. Only stockholders of record as of the close of business on March 17, 2014 will be entitled to notice of and to vote at the Annual Meeting. In order to be considered for inclusion in the proxy statement relating to the Annual Meeting, stockholder proposals must be submitted in writing to the Secretary of the Company. Otelco Inc. (NASDAQ:OTEL) stock opened the session at $5.57, and closed the session at $5.65. The 52 week range of the Otelco Inc. (NASDAQ:OTEL) stock remained $5.27 – $14.95 and the day range was $5.57 – $5.65.