Charles Hoffman

 

Covad Goes Private

An ongoing lack of profitability and problems provisioning its hosted VoIP services are two likely reasons Covad Communications Group has agreed to be bought by Platinum Equity, a private equity firm, analysts say. The companies said on Oct. 29, Platinum Equity will pay $1.02 per share, or approximately $304 million in cash, for Covad; the […]

Platinum Equity Buys Covad

An ongoing lack of profitability and problems provisioning its hosted VoIP services are two likely reasons Covad Communications Group has agreed to be bought by Platinum Equity, a private equity firm. The companies said on Monday Platinum Equity will pay $1.02 per share, or approximately $304 million in cash for Covad; the terms represent a […]

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