Tuesday, December 13, 2005
EarthLink buys New Edge Networks
EarthLink buys New Edge Networks: "wo survivors of the 1990s telecom meltdown are joining forces.
EarthLink today announced it is acquiring New Edge Networks, the Vancouver, Wash., based CLEC known for its small to mid-sized enterprise (SME) data services. EarthLink will pay approximately $144 million for New Edge, to include 2.6 million shares of EarthLink common stock and $114.3 million in cash, which includes payment of some New Edge liabilities."
EarthLink today announced it is acquiring New Edge Networks, the Vancouver, Wash., based CLEC known for its small to mid-sized enterprise (SME) data services. EarthLink will pay approximately $144 million for New Edge, to include 2.6 million shares of EarthLink common stock and $114.3 million in cash, which includes payment of some New Edge liabilities."
