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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. […]

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 […]

CommPartners Acquires Anexeon Communications

CommPartners, an IP-based network operator and telephony services and solutions provider, today announced it has completed the acquisition of Las Vegas-based Anexeon Communications, its joint venture partner developing a national IT integrator channel for the sale of wholesale hosted VoIP services to the SMB and enterprise markets. Anexeon Communications management, staff and operations are being […]

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 […]

InfoHighway Buys Future Telecom

InfoHighway Communications Corp. said today it has acquired Future Telecom, a New York-based reseller of voice and data communications. The privately held CLEC had not made any previous announcements about the buyout and did not release terms of the deal. InfoHighway earlier this year bought Eureka, making the combined provider one of the largest in […]

The Conference Group Debuts Wholesale Services

The Conference Group (Booth 1518) this week is introducing its conferencing platform that is available for carriers to private-label. The privately owned company is an active player in the indirect agent channel, and now brings its wholesale Web, audio and video conferencing services to competitive carriers. The rebrandable conferencing platform includes a real-time account provisioning […]

Alltel Plans to Buy Midwest Wireless

Rural wireless operator Alltel Corp. said today it will buy privately held Midwest Wireless Holdings Inc., gaining 400,000 customers in southern Minnesota, northern and eastern Iowa, and western Wisconsin. Alltel will pay $1.075 billion in cash for Midwest Wireless licenses, customers and network assets, which include 1.9 PCS spectrum. Alltels stock fell 11 cents on […]

MCI Completes Totality Acquisition

MCI Inc. has completed its acquisition of Totality Corp., a privately held provider of remote managed services for applications and infrastructure. MCI says the buyout is a step toward the expansion of its managed services capabilities. It also means MCI can enable remote monitoring and management of applications, whether they are hosted at MCI’s colocation […]

IRIS Networks Garners Business Honors

Nashville-based wholesale broadband carrier IRIS Networks (Booth 228) has been named a 2004 Music City Future 50 company by the Nashville Area Chamber of Commerce, and a Business Tennessee Fast50 company by Business Tennessee, a statewide business magazine. The Music City Future 50 is an annual recognition program to celebrate the 50 fastest growing, privately […]

News Briefs

Posted: 08/2000 News Briefs * Williams Communications (www.williamscommunications.com) will provide switched-voice services on its nationwide fiber optic network to Norstar Communications (www.norstarcom.com), a privately held long-distance voice and Internet service provider. The multimillion dollar contract calls for Williams to provide switched-voice minutes to Norstar over a three-year period. The agreement also allows Norstar to privately […]

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