holding

 

PAETEC Buys Allworx on Heels of McLeodUSA Deal

About a month after announcing the acquisition of McLeodUSA Inc., PAETEC Holding Corp. said it also will buy equipment maker Allworx Corp. PAETEC will pay $25 million in cash. Allworx will become a PAETEC subsidiary. SMBs make up a large part of McLeodUSAs customer base. PAETEC is more accustomed to selling to enterprises. By adding […]

PAETEC Offers Data Backup, Dedicated Server and Web Hosting Platforms

PAETEC Holding Corp. has announced the availability of its data backup and recovery, dedicated server and Web hosting platforms. The PAETEC data backup and recovery product provides businesses with a secure, automated off-site server backup, which copies data to two data centers over a customers Internet connection. Recovering data can be made from the Web-based […]

PAETEC Adds VP of Alternate Channels

PAETEC Holding Corp. has named A. John Leach Jr., as senior vice president, alternate channels. Leach is based in Charlotte, N.C., and is responsible for PAETECs authorized agent sales channel program in the companys South, South Central and Mid-Atlantic regions. He will report to executive vice president Chris Bantoft and will oversee three vice presidents […]

Level 3 Completes ICG Acquisition

Level 3 Communications Inc. on Wednesday completed its acquisition of ICG Communications Inc., a privately held Colorado-based telecommunications company. Level 3 paid approximately 26 million unregistered shares of its common stock and approximately $45 million in cash. The provider paid $9 million more in cash than it initially expected because ICGs working capital had improved […]

Level 3 to Buy ICG Communications

Fresh off its Progress Telecom acquisition, Level 3 Communications Inc. said today it will acquire all of the stock of ICG Communications Inc., a privately held Colorado-based telecommunications company for $163 million. “This transaction gives Level 3 the opportunity to further expand our footprint into areas where we see demand for our services, and to […]

WSJ: Treasury Department Might Cut Phone Excise Tax

The Wall Street Journal reported on Friday the U.S. Treasury Department is developing a plan to discontinue a 3 percent federal excise tax on long-distance and wireless telephone calls. The paper also said the government is considering refunding billions of dollars to consumers and businesses that have paid the tax. “Government officials are holding closely […]

Universal Service Will be Addressed this Year, Says FCC’s Copps

Speaking at the NTCA show yesterday, FCC Commissioner Michael Copps said 2006 will be “the year of action” on a contribution methodology. Copps is a member of the Universal Service Joint Board, which he said will make recommendations on rates this year. Noting that he knows access charges are vital to many rural telcos, Copps […]

Interoute Gets Cash from Tecom

Interoute Communications Ltd., the privately held owner and operator of the i-21 voice and data network in Europe, has signed a partnership agreement with Tecom, a United Arab Emirates telecom operator and member of Dubai Holding. Under the contract, Dubai Holding (Tecom) has taken a stake in Interoute, in exchange for an equity investment totaling […]

USTelecom Elects New Chairman, Officers, Members

The USTelecom board of directors late yesterday unanimously elected Skip Frantz, executive vice president and secretary of Alltel Corp. Inc., as chairman of the board. Frantz has served on the USTelecom board of directors for two years, most recently holding as first vice-chair. He now is tasked with helping guide advocacy, business development and education […]

LEC Clearinghouse Merger Springboard for Full-Service BillingOutsourcer

Four months after the industry’s top two LEC clearinghouses were combined under the Billing Services Group LLC banner, the company’s Chairman and CEO Patrick J. Haynes III says the combination of Billing Concepts Inc. and ACI Billing Services Inc. “is going to be our platform and our engine to proceed in making this a full-service […]

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