Wednesday, February 2, 2005

TelCove Acquires KMC Telecom

TelCove will acquire certain network assets and customers of KMC Telecom, significantly extending its CLEC prescence in Florida. TelCove will acquire 21 of KMC's markets, 18 of which represent new coverage areas, while three represent augmentations to existing TelCove markets. The acquisition will add approximately 1,050 local fiber route miles, 47 POPs and 202 lit commercial buildings.

Upon the closing of this transaction, TelCove will serve 70 markets throughout the eastern half of the United States and have 3,345 lit buildings. Financial terms were not disclosed.


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