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Merger Between Alteva, Inc. and MBS Holdings, Inc. Completed

PHILADELPHIA, PA–(Marketwired – Dec 21, 2015) – Alteva, Inc.(“Alteva” or the “Company”) (NYSE MKT: ALTV), a premier provider of hosted Unified Communications-as-a-Service (UCaaS), announced today the successful completion of the merger between Alteva and MBS Holdings, Inc. (“Momentum”) pursuant to a previously announced merger agreement.

Alteva shareholders voted in favor of the merger at its Annual Shareholder Meeting on November 16, 2015. Pursuant to the terms of the merger agreement, Alteva shareholders are entitled to receive $4.70 in cash per common share. The merger closed and became effective today. As a result of the merger, the Company’s common shares will cease to trade on the New York Stock Exchange prior to the opening of the market on December 22, 2015 and will be delisted. The Company will terminate its registration and reporting obligations with the Securities and Exchange Commission.

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