Alteva Parent, WVT, Switches Stock Exchanges Amid Restructuring

Warwick Valley Telephone Co. (WVT), which owns unified communications provider Alteva, said on Tuesday it has transferred its stock listing, several days after restructuring.

With the exception of the ILEC portion of the business, WVT now operates as an unregulated holding company. As a result, the company has opted to move from the NASDAQ Global Market to the NYSE; its new ticker symbol is WVT.

A spokeswoman for WVT and Alteva said the NYSE is a better trading environment for WVT, which is positioning itself as a UC player rather than an ILEC. 

WVT is undergoing a rebranding as a result of the changes; part of that effort includes a new name. Once it gets shareholder approval, WVT plans to call itself WVT Communications Group.

WVT bought Alteva last year.