BIRMINGHAM, AL – Momentum Telecom Inc., via MBS Hodlings, has raised $10 million in equity financing from seven investors, according to a regulatory filing. Momentum focuses on providing voice telecom service and dialup Internet to 150,000 customers in the Southeast.
Momentum Telecom is a profitable and cash flow positive company headquartered in Birmingham, AL. Momentum provides local telephone, long distance and data service to businesses and families in a nine state southeastern region (Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee).
For an interview with Momentum CEO Alan Creighton with Wall Street Reporter Magazine that discusses how Momentum differs from some other telecom firms, see: www.momentumtelecom.com/MTNews/WSR_interview.pdf.
The company disclosed the financing in a filing with the US Securities and Exchange Commission.
Among the executives and directors cited as principals in the filing are: William Feathergill, Birmingham investor; William Acker III, founder and principal at Private Capital Corp.; Charles Caldwell; Harold Dunn; James Davis; and William Fox III.
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