Platinum Equity

 

MegaPath Receives Loan to Refinance Debt

Crystal Financial LLC, an independent commercial finance company, served as the co-arranger on the $165 million, senior-secured term loan facility to MegaPath.

Fry Joins Americatel To Drive Wholesale Business

Americatel announced this week wholesale telecom executive Gary A. Fry has been named to the newly created position of executive vice president of corporate development. Americatel is owned and operated by Platinum Equity LLC. Platinum Equity also owns Matrix Telecom Inc., Covad Communications and DCA Services. Fry, who will report directly to recently appointed president […]

Americatel Names New CEO

Americatel, a provider of telecom services to ethnic consumers and businesses in the United States, announced Wednesday that Charles “Chuck” G. Taylor Jr. has been appointed president and CEO. Taylor replaces former president and CEO, Tomas Perez-Ducy, who left Americatel earlier this month to pursue other opportunities. Americatel has been owned and operated by Platinum […]

Platinum Equity, Covad Deal Set to Close

Platinum Equitys purchase of Covad Communications Group should close in the middle of next month. The FCC and a number of state public utility commissions have approved the proposed $304 million buyout. Platinum Equity is paying $1.02 per share. The companies expect to finalize the acquisition sometime around April 15.

Covad Shareholders Approve Platinum Takeover

Covad Communications Group Inc. stockholders have approved the companys $417 million takeover deal by Platinum Equity. An affiliate of Platinum Equity will buy all of Coads outstanding shares for the previously agreed upon price of $1.02 in cash, the companies said on Feb. 29. The FCC and two more state public utilities commissions still must […]

COMPTEL: Regulatory Workshop Promises Policy, Business Discussions

Each spring and fall, COMPTEL PLUS rounds out its educational sessions with some of the most important discussions of all: updates on regulatory developments and what they mean for CLECs. Tomorrows agenda sticks to that formula, with one exception: the addition of a business-focused panel. First up is Wireline Regulatory Issues Part I The Classification […]

Access, Birch Wrapping Up Merger

The merger of Access Integrated Networks Inc. and Birch Telecom is slated to close any day now, but this deal doesnt seem to have the impact of other combinations, such as that of PAETEC and McLeodUSA Inc. Rather, the coming together of Access and Birch will firm up regional coverage and provide new opportunities for […]

Covad Goes Private

An ongoing lack of profitability and problems provisioning its hosted VoIP services are two likely reasons Covad Communications Group has agreed to be bought by Platinum Equity, a private equity firm, analysts say. The companies said on Oct. 29, Platinum Equity will pay $1.02 per share, or approximately $304 million in cash, for Covad; the […]

Platinum Equity Buys Covad

An ongoing lack of profitability and problems provisioning its hosted VoIP services are two likely reasons Covad Communications Group has agreed to be bought by Platinum Equity, a private equity firm. The companies said on Monday Platinum Equity will pay $1.02 per share, or approximately $304 million in cash for Covad; the terms represent a […]

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