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Entries in Deals: CLEC (78)

Monday
May042009
DateMonday, May 4, 2009 at 5:38AM

HickoryTech Announces Acquisition of CP Telecom

Source: HickoryTech Press Release

HickoryTech Corporation (Nasdaq:HTCO) announced today that it has reached an agreement to acquire Computer Pro, Inc., dba CP Telecom, a privately held facilities-based telecom provider, serving Minneapolis, St. Paul and northern Minnesota. The purchase price is approximately $7 million, subject to closing adjustments. The acquisition is anticipated to be funded primarily with cash. The closing of the transaction is subject to regulatory approvals, and is expected in the third quarter 2009.

“This acquisition fits HickoryTech’s strategic direction as it enhances our focus on the small and medium sized business (SMB) customer, expands our business product portfolio, and further develops our agent sales channel program,” said John Finke, HickoryTech president and chief executive officer. “CP Telecom has an experienced management team, a solid customer base, robust product portfolio and expertise in developing and implementing new products, such as mid-band Ethernet for the SMB customer. We anticipate important cost and revenue synergies as we integrate CP Telecom into our current lines of business.”

With operations in Minneapolis and Duluth, Minn., CP Telecom provides voice, data and Internet services. CP Telecom’s 2008 unaudited revenue totaled approximately $10 million. CP Telecom operates in 23 colocations throughout Minnesota, 10 of which HickoryTech does not have a presence in today and five that bring enhanced functionality to HickoryTech’s product portfolio. CP Telecom’s assets include long-term rights on a fiber network encompassing Minneapolis and St. Paul as well as soft switching technology.
AuthorRyan Elberg | CommentPost a Comment | | | Print ArticlePrint Article
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Tuesday
Oct282008
DateTuesday, October 28, 2008 at 2:27PM

Big River Telephone Buys ATPRS.net

Source: Big River Press Release

Cape Girardeau, Missouri-based Big River Telephone announced October 28 that it has acquired local ISP ATPRS.net. Big River Telephone will obtain all of ATPRS.net’s customers and take over as their primary service provider. ATPRS.net is a division of Advanced Technology Products that provides Internet and web hosting solutions to customers in Jackson, Cape Girardeau and Marble Hill, Missouri. addition to serving as primary provider, Big River Telephone will handle billing and will honor and fulfill remaining contractual agreements regarding ATPRS.net customers’ existing services.  “The acquisition of ATPRS.net fits nicely with the footprint of Big River Telephone and their attention to the customers mirrors the winning philosophy of Big River,” said Kevin Cantwell, president of Big River Telephone.

AuthorRichelle Elberg | CommentPost a Comment | | | Print ArticlePrint Article
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Wednesday
Feb132008
DateWednesday, February 13, 2008 at 4:56AM

SureWest Communications Completes Everest Broadband Acquisition

Source: Surewest Press Release

SureWest Communications (Nasdaq:SURW) announced that it has completed the previously announced acquisition of all of the issued and outstanding stock of Everest Broadband, Inc. (“Everest”) for a purchase price of $173 million. Everest is a competitive provider of high-speed data, video and voice services in the greater Kansas City area. The transaction more than doubles SureWest’s triple-play residential base and facilitates the rapid expansion of its business services.

AuthorRyan Elberg | CommentPost a Comment | | | Print ArticlePrint Article
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