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ICG To Sell Fiber Optic Technologies to ACSCommunications

Posted: 11/1999

Business News

ICG To Sell Fiber Optic Technologies to ACS
Communications

Englewood, Colo.-based ICG Communications Inc. has announced an agreement to sell its
fiber optic division, Fiber Optic Technologies Inc., to ACS Communications Inc., Austin,
Texas. The sale is expected to close during the fourth quarter of this year.

In a press release, Chairman and CEO J. Shelby Bryan of ICG says the agreement
"marks the successful execution of our plan to dispose of our Satellite Services and
FOTI divisions. He adds that ICG’s future business plan will focus on its core
telecommunications business.


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