SOURCE: TelePacific Communications

August 04, 2006 16:53 ET

TelePacific Communications Completes Acquisition of Mpower

LOS ANGELES, CA -- (MARKET WIRE) -- August 4, 2006 --TelePacific Communications, a leading provider of business telecommunications network solutions headquartered in California, announced that it has completed the acquisition of Mpower Communications Corp. for approximately $204 million.

The new TelePacific Communications has 800,000 access lines serving 75,000 business, residential and wholesale accounts in California, Las Vegas, Nevada and Chicago, Illinois.

The acquisition provides TelePacific access to a deeper and denser network to deliver more products and better service to current and future customers in all markets. The Company now possesses metro fiber rings throughout its California and Las Vegas markets, a long-haul fiber route connecting all major markets across California and 331 collocations. The Company will leverage its assets to serve an even greater number of customers with local and long distance voice, dedicated Internet access, private networking and data transport services, as well as bundled voice and Internet solutions.

The transaction establishes TelePacific as the leading Competitive Local Exchange Carrier in the Western United States, with over $400 million in annual revenue on a run-rate basis.

"Through this transaction, TelePacific has enhanced its ability to provide advanced telecommunications services and high-quality customer service to a broader range of customers," said Dick Jalkut, TelePacific's president and CEO. "The additional resources we have gained through this acquisition make the new TelePacific well positioned to offer a very attractive alternative to customers who are looking for a choice in their telecommunications service provider."

About TelePacific

TelePacific Communications is a facility-based Competitive Local Exchange Carrier that serves customers throughout California and Las Vegas, Nevada directly and, in Chicago, Illinois, through Mpower Communications of Illinois. Headquartered in Los Angeles, the Company is the leading competitive carrier in California and Las Vegas, with customer care centers in Los Angeles and Stockton in California and Las Vegas in Nevada. In business since 1998, TelePacific provides services through a combination of TelePacific-owned switches and network infrastructure, including its robust fiber-optic network assets. Offering local and long distance voice, dedicated Internet access, private networking and data transport services as well as bundled voice and Internet solutions, TelePacific manages more than 75,000 customer accounts with 800,000 access lines. For more information, visit www.telepacific.com.

Contact Information

  • Contact:
    Rebecca Levin
    Phone: 800-865-7397