Search
Menu
PI Physik Instrumente - Revolution In Photonics Align ROSLB 3/24

Paetec, US Lec to Merge in $1.3B Deal

Facebook X LinkedIn Email
CHARLOTTE, N.C. & FAIRPORT, N.Y., Aug. 14, 2006 -- Telecommunications company US Lec Corp. and privately held communications solutions provider Paetec announced today that they will merge in a $1.3 billion transaction. The combined company is expected to generate nearly $1 billion in revenue, the companies said, and cost savings resulting from the elimination of duplicated facilities and operations is expected to be $25 million in the first year and $40 million annually beginning in 2008. The combined company will have over 45,000 customers and will operate in 52 of the top 100 metropolitan service areas (MSAs) in the US. The companies...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    White Papers


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: August 2006
    ChesonisCommunicationsmergersNew PaetecNews & FeaturesPaetectelecommunicationstransactionUS Lec

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.