equity

 

News Briefs

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 Telecom will continue to operate as a privately held company and will not raise any primary […]

News Briefs

Beleaguered MVNO Ampd Mobile Inc. was purchased out of bankruptcy Aug. 1 by Prexar Mobile, a nationwide provider of wireless services operated by USA Telephone, a CLEC. Launched in 2005, Ampd filed for Chapter 11 protection on June 1. Joe Nacchio, Qwest Communications International Inc.s embattled former CEO, was sentenced July 27 to six years […]

ShoreTel Signs Black Box as New Partner

IP equipment maker ShoreTel has signed Black Box Corp. as a new distributor. ShoreTel earlier this year scored CDW as a new VAR partner and, this week, also added Black Box Corp. to its channel roster. Black Box builds and maintains voice and data networks across the globe. Its the company that, last year, bought […]

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 […]

Platinum Equity Gobbles Up Another Telecom Provider

Platinum Equity said Wednesday it has acquired Startec Global Communications for an undisclosed amount. Startec is a facilities-based provider headquartered in Maryland. It sells long-distance services to ethnic markets in the United States and Canada; in fact, the company just launched new Web sites in Russian and Spanish. Startec distributes through channel partners. Startec was […]

Platinum Uproots Trinsic Ops

Platinum Uproots Trinsic Ops Platinum Equity Group has been battening down the hatches at Florida-based Trinsic Inc., the bankrupt CLEC it bought at the end of March.

Platinum Uproots Trinsic Ops

Platinum Equity Group has been battening down the hatches at Florida-based Trinsic Inc., the bankrupt CLEC it bought at the end of March. Michael Rogers, the channel manager, was laid off in mid-April and CEO Trey Davis has been told he wont be part of the new company. At press time, he still was working […]

Platinum Equity Wins Trinsic Auction

Platinum Equity LLC, an investor that buys ailing companies and then runs them, has purchased bankrupt Trinsic Inc. for $25.5 million. Platinum bought Trinsic in late March after two auctions typically, there is only one. However, the first time, Trinsic tried to sell to multilevel phone marketer American Communications Network Inc. (ACN), even though Platinum […]

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