Eschelon

 

Eschelon Telecom to Serve as CMP Case Study

Eschelon Telecom Inc. today will serve as a case study for how to successfully negotiate the change management process (CMP) clause of an ILEC interconnection agreement. Gregory Merz, a principal at Gray, Plant, Mooty helped the Minnesota-based CLEC seal the deal; he will head a panel that will give CLECs tips for following Eschelons lead. […]

Integra Closes Eschelon Acquisition

Integra Telecom Inc. said Friday it completed its $566 million purchase of Eschelon Telecom Inc. Eschelon is now a wholly owned company of Integra, which paid $30 per share for the company. The deal was announced in March. Integra said the combined company is one of the largest CLECs in the country and would have […]

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 […]

Merger Madness

CLEC M&A FEVER is spreading from coast to coast. In the span of one day, four major CLECs announced unions worth millions of dollars. Integra Telecom Inc. declared its $566 million acquisition of Eschelon Telecom Inc. on March 20, while NuVox Communications and FDN Communications disclosed their merger, minus the financial terms, on March 21. […]

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 […]

COMPTEL Elects New Board Members

COMPTEL members elected new representatives to its board of directors at its annual meeting held at the COMPTEL PLUS Convention & Expo. The board also re-elected Sherm Henderson, president and CEO of Lightyear Network Solutions LLC, as its chairman. COMPTEL Chairman Sherm Henderson The association reelected three directors in the small-member category, including Ron Contrado, […]

Speaking of IPOs …

WALL STREET LAST SAW a flood of IPOs from competitive carriers just before the telecom industry went bust. Now, as more CLECs wean themselves off UNE-P, specialize in IP services and bring their balance sheets into the black, the question arises: who will go public? Continued merger activity will pave the way for more CLECs […]

Eschelon Telecom Closes IPO

After lowering its share prices to $14 last week, Eschelon Telecom yesterday closed its initial public offering, which garnered net proceeds of $69.8 million. Eschelon sold 5.3 million shares, leaving nearly 804,000 for its underwriters. The company now trades on the Nasdaq under the symbol “ESCH.” Some of the proceeds from the IPO will go […]

Eschelon Lowers IPO Share Prices

Eschelon Telecom Inc., a CLEC headquartered in Minneapolis, today set the price of its initial public offering at $14 per share. According to a filing with the Securities and Exchange Commission, that price was lower than the originally expected $15-$17 range. Eschelon likely will close the offer on Aug. 9. Eschelon says a portion of […]

The ID is: 52042