What is MidTel?
Established in 1897, MidTel is one of New York State's oldest independent telephone companies, offering advanced internet, phone, and cable television services. Serving over 7,000 customers across 330 square miles in Schoharie County and parts of Albany County, the company provides a comprehensive suite of services including fiber internet, DSL, digital TV, and custom phone solutions. MidTel's long-standing commitment to technological innovation aims to enhance connectivity for its residential and business clients.
How much funding has MidTel raised?
MidTel has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in MidTel
PPP
Public-Private Partnership
What's next for MidTel?
The substantial large-scale late-stage funding positions MidTel for continued expansion and technological advancement. This strategic investment is likely to fuel upgrades to its network infrastructure, potentially expanding service areas and enhancing the speed and reliability of its internet and communication offerings. As a company with a deep historical root, this capital infusion signals a forward-looking strategy focused on maintaining its competitive edge in the evolving telecommunications landscape.
See full MidTel company page
