Employment agreements between Cbeyond and its executives grant them compensation if they are terminated other than for “cause” or they resign for “good reason” following a change of control.
Cbeyond has filed its preliminary proxy statement, asking its shareholders to approve the $323 million acquisition by Birch.
Vincent Oddo talks about honoring terms, who might serve as channel chief, support structure and more.
Two analysts who have tracked the telecom and CLEC industries for more than 15 years each hold different takes on what the Birch Communications acquisition of Cbeyond means for the sector in general and the channel in specific.
Conversely, Cbeyond would have to fork out half that if its shareholders don’t approve the proposed, $323 million sale, or if something else goes awry.
Find out who’s buying the managed and cloud services provider for $323 million.
The provider has undergone such growth that it was time to expand the leadership team, the company said.
Here’s a big one: "[T]he order has persuasive force and creates a roadmap for partners in crafting potentially stronger contract language," writes Mark Del Bianco.
"The agent channel isn’t there unless there is some form of good faith trust with us and the carriers," said TDM’s Robert Bowling. With a jury on TDM’s side, it’s up to a judge to decide the damages.
Telecom Decision Makers Inc. contends Birch owes it more than $5.5 million in unpaid commissions. "We think that words in a contract do matter and that carriers ought to abide by those words," said TDMI’s president.
The latest weekly wrap includes @masergypartners and @TPxComm. dlvr.it/RbNHl0
July 10 2020 @ 23:19:02 UTC
.@Rackspace preps #IPO, could go public again. #cloud dlvr.it/RbN2bS
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Check out the new suppliers signed by @TBImasteragent, @PlanetOneComm and @SandlerPartners. dlvr.it/RbMsdl
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📢 @Channel_Expo Virtual registration is now open! Join us September 8-10 for the inaugural 100% online channel even… twitter.com/i/web/status/1…
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.@IntelisysCorp earned high marks from @RingCentral. dlvr.it/RbJP8Y
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New @MicrosoftTeams #TogetherMode promises to make meetings feel more focused and inclusive to participants. dlvr.it/RbJHwh
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.@peerlessnetwork appoints Southeast, Midwest channel sales directors. #UCaaS dlvr.it/RbJCyg
July 09 2020 @ 20:26:03 UTC
