Otelco Inc. (OTT) announced after the bell Friday that Time Warner Cable indicated that it will not renew its existing contract for wholesale network connections provided by Otelco. The contract represented approximately 11.7% of Otelco's consolidated revenue for 2011.
Otelco gapped open dramatically lower Monday and fell in early trade, before settling into a range. The stock closed down by 5.37 at $6.66 on the highest volume of the year. Otelco plunged to a new low for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.