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Private Equity Firm Buys Stake in Integra

Private equity firm Warburg Pincus will invest at least $245 million to obtain a substantial equity interest in Integra Telecom Inc. The proceeds from the transaction will be paid to existing Integra investors in exchange for outstanding shares, Integra said. Integra Telecom will continue to operate as a privately held company and will not raise […]

Endeavor to Double Sales Force

Endeavor Telecom said Monday it plans to double the size of its outside sales and account management team over the coming months. The company said fast growth and expanding market opportunities have created the need to add to its staff. Over the past five years, we have developed a highly scalable service delivery operation capable […]

Palm to Sell 25 Percent Stake

Palm Inc. said Monday it will sell a 25 percent stake to private equity firm Elevation Partners for $325 million and name former Apple Inc. executive Jon Rubinstein as chairman. The deal calls for the company to pay $9 per share, or about $940 million, in a special distribution to shareholders. The company said funds […]

Integra Snaps Up Rival Eschelon

CLEC merger fever on the East Coast is spreading to the West Coast. Integra Telecom Inc. announced on Tuesday it is buying rival CLEC Eschelon Telecom Inc. for $30 per share, or approximately $566 million. The deal is expected to close in the third quarter. Integra is based in Portland, Ore., and serves business throughout […]

AT&T Makes More Concessions in Bid to Close BellSouth Merger

AT&T Inc. late Thursday made additional concessions in its bid to acquire BellSouth Corp.; critics have complained that the Bell companys Oct. 13 compromises did not go far enough. AT&T filed a letter with the FCC on Dec. 28, stating it was trying to break the impasse created by the two Democratic FCC commissioners who […]

Hostopia to Close IPO Friday

Hostopia.com Inc., the wholesale Web hosting provider that announced in July it was going public, will close its IPO on Friday, and looks to generate less from the offering than it had hoped. In its final prospectus with U.S. and Canadian government agencies this week, Hostopia said it expected to net approximately $19.1 million, in […]

TMONE Takes over Former MCI Call Center

Direct marketing firm TMONE, which serves providers, has taken over the 27,000-square-foot Iowa City, Iowa, call center formerly used by MCI Inc. The company said it is working to sign new VoIP subscribers and will hire close to 1,000 employees, including students attending the University of Iowa, to make telemarketing calls, send direct mail and […]

Level 3 Completes Acquisition of WilTel

Level 3 Communications Inc. said today it has completed its acquisition of WilTel Communications Group LLC. The wholesaler paid Leucadia National Corp., WilTels parent company, 115 million shares of Level 3 common stock and $386 million in cash. The deal between the two former rivals was announced in late October and was expected to close […]

Arizona Corporation Commission Approves SBC-AT&T Merger

The Arizona Corporation Commission on Friday approved the merger of SBC Communications Inc. and AT&T Corp. The step completes regulatory reviews in 35 of 36 states with clearance processes. The merger is expected to close later this year.

CompTIA Forum: A Nice Wayto Close Channel Partners Event

After two days of conferences and networking, bring all that new learning together by attending the CompTIA Convergence Solutions Provider Forum. In what promises to be a fairly informal setting, leaders of CompTIA, or the Computing Technology Industry Association (an association sponsor, Booth 910), will be on hand to foster discussion among Channel Partners attendees. […]

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