Showing posts with label Earthlink. Show all posts
Showing posts with label Earthlink. Show all posts

Monday, November 7, 2016

Windstream to Acquire Earthlink for $1.1 Billion

Windstream will acquire Earthlink in an all-stock transaction valued at approximately $1.1 billion, including debt. Upon closing of the transaction, Windstream shareholders will own approximately 51 percent and EarthLink shareholders will own approximately 49 percent of the combined company.

The combined company will have increased scale and scope giving it the ability to leverage best practices across a broader platform, and offer customers expanded products, services and enhanced enterprise solutions. The combination

The merger will result in an extensive national footprint spanning approximately 145,000 fiber route miles and provide advanced network connectivity, managed services, voice, internet and other value-added services. The deal brings together Windstream’s scale in the Enterprise segment and EarthLink’s newly-launched SD-WAN service.

“The combination with EarthLink further advances Windstream’s strategy by creating a stronger, more competitive business to serve our customers while increasing free cash flow and reducing leverage,” said Tony Thomas, president and chief executive officer at Windstream. “With this transaction, we are combining two highly complementary organizations with closely aligned operating strategies and business unit structures. We look forward to working with the talented EarthLink team to create significant benefits and drive value for all of our stakeholders.”

The companies cited approximately $900 million from synergies, plus tax benefits, including more than $125 million in annual operating and capital expense synergies that are expected to be fully realized within 36 months of closing.

http://www.windstream.com
http://www.earthlink.com

  • Windstream is based in Little Rock, Arkansas. The company was founded in 2000 as Valor Telecom through through the takeover of Verizon's GTE' southwest assets. It adopted the Windstream name in 2006 with the acquisition of Alltell's landline business.
  • Earthlink was founded in 1994 and is based in Atlanta, Georgia.





Thursday, July 25, 2013

EarthLink Opens New Miami Data Center

EarthLink inaugurated its newest data center -- 50 NE 9th Street in Miami.  The new facility features EarthLink's next-generation cloud hosting platform, which will enable the company to deliver highly-secure, comprehensive IT solutions including cloud hosting, Cloud Workspace, managed security, colocation, Cloud Server Backup  and application solutions in South Florida.

In addition to Miami, EarthLink recently opened data centers in San Jose, Chicago and Dallas. Combined with EarthLink's current data centers in Pittsford, NY; Marlborough, MA; Columbia, SC and Atlanta, EarthLink now operates eight data centers linked to its nationwide IP network.

"Miami is one of the country's technology hotspots and a vibrant, growing market," noted Michael D. Toplisek, EarthLink Executive Vice President of Sales and Marketing. "A vital communications hub for IP traffic, Miami also serves as a gateway to Latin America and beyond. Adding a robust, new state of the art data center in the city enables EarthLink to easily scale to support our customers' current and future IT service demands as they seek to virtualize their businesses."

http://www.earthlink.com

Monday, June 17, 2013

EarthLink to Acquire CenterBeam for Managed IT Services

EarthLink agreed to acquire CenterBeam, a privately held information technology managed service provider with a 13-year track record of delivering cloud computing and hosted IT services, for $22 million.

CenterBeam, which is headquartered in Sunnyvale, California, provides remote managed IT services primarily to multi-location mid-sized businesses.  CenterBeam operates a 140-person IT Support Center providing help desk, desktop technical support and application support services.

EarthLink said the acquisition will further accelerate its strategic transformation into an IT services provider at the forefront of cloud virtualization and provide a broader range of compelling IT products and services to middle-market customers.

"The acquisition of CenterBeam will fast-track our IT Services product development by providing us with critical scale and complementary product capabilities geared towards our multi-location business target market," said EarthLink Chairman and Chief Executive Officer Rolla P. Huff.  "CenterBeam's advanced set of products, tools and processes will enable us to quickly bring a robust set of remote managed IT Services and collaboration services to market. Additionally, CenterBeam's IT Support Center will provide expertise, scale and redundancy to our existing EarthLink TechCare remote help desk."

http://www.earthlink.net
http://www.centerbeam.com/

Thursday, June 13, 2013

Earthlink Opens Silicon Valley Data Center

Earthlink opened its newest data center on its next-generation cloud hosting platform, located at 8 Great Oaks Boulevard in San Jose, CA. EarthLink has also opened a new local sales office.

EarthLink recently opened data centers in Chicago and Dallas, and will open another one in Miami next month.  The company also operates data centers in Pittsford, NY; Marlborough, MA; Columbia, SC and Atlanta.

http://www.earthlink.net


See also