FDN

 

FDN, Equity Firm Acquire Supra Telecom

FDN Communications and H.I.G. Capital, a private equity firm in the Southeast, have acquired Supra Telecom, a Miami-based telephone company operating out of bankruptcy court protection. Maitland, Fla.-based FDN and H.I.G. each will own half of Supra, a telecommunications provider supporting about 250,000 residential customers and generating annual revenue of approximately $150 million, according to […]

They Say That Merging Up Is Hard To Do

“I think there is a lot of buzz in the industry right now about further consolidation.”- XO CEO Carl Grivner Driven by a frenzy of activity in the wireless industry, the megamergers reminiscent of the dotcom era have resurfaced - but the same cannot be said for competitive wireline providers. Competitors like McLeodUSA Inc. are still grappling […]

News Briefs

ITC^DeltaCom Inc. is scrapping plans to merge with Florida Digital Network Communications Inc. (FDN). The mutual agreement means ITC^DeltaCom does not plan to merge with Network Telephone Corp. because the agreement was contingent on the FDN merger closing. ITC^DeltaCom did not reveal why it is terminating the agreement with FDN. In September, ITC^DeltaCom announced plans […]

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