Thursday, May 4, 2006

TelePacific to Acquire Mpower -- Consolidating CLECs

TelePacific Communications, a privately-held company which provides telecommunications services to businesses in parts of California and Las Vegas, Nevada, agreed to acquire Mpower Communications for roughly $204 million ($1.92 in cash per Mpower share). The boards of directors of both companies have approved the agreement and Mpower's Board has recommended that its shareholders approve the agreement.

Mpower is a facilities-based CLEC with operations in areas of California, Nevada, and Illinois. TelePacific is a facilities-based CLEC headquartered in Los Angeles.


See also