Entries in NobelTel (1)

Monday
May312010

CLEC DEALS: Aries Network

NobelTel Acquires CLEC

On April 2, 2010, NobelTel, LLC and Aries Network, Inc. together filed an application for transfer of control of Aries from its current owner, Kulait Khalaf, to NobelTel. The application was granted by the FCC on May 13, 2010.  The terms of the deal, which was completed without approval on April 5, 2010, were not disclosed. 

Aries, a Nevada corporation, provides CLEC and long distance services, including pre-paid services, in California and wholesale telecommunications services nationwide. 

NobelTel, a Delaware limited liability company, is wholly owned by Nobel, Inc., and provides long distance services, including pre-paid services, in the District of Columbia and in all states, except Alaska.  Richard Mahfouz is the sole owner of Nobel, Inc. Pursuant to the terms of the transaction, NobelTel acquired 100% of the capital stock of Aries, and Aries is now ultimately owned and controlled by Mr. Mahfouz.