clec

Earthlink to acquire regional carrier ITC Deltacom

Internet provider Earthlink announced today that it has agreed to buy regional telecommunications carrier ITC Deltacom.

To complete the merger, Earthlink will pay $516 million in cash, but that includes $325 million in Deltacom debt.

As a competitive local exchange carrier (CLEC), Deltacom provides voice and data telecommunications services to the Southeast. The company owns most of its 16,400-mile fiber-optic network and serves around 32,000 small and medium-sized businesses, government agencies, and enterprise customers.

Through the acquisition, Earthlink said it's looking to combine its ISP and IP businesses with Deltacom's communications operations to offer customers a … Read more