Wednesday, April 14, 2004

PRIMUS Acquires Magma, a Canadian ISP

PRIMUS Telecommunications has acquired Magma Communications, an ISP serving corporate, government and residential customers in Toronto, Ottawa and Montreal. PRIMUS is paying approximately C$16 million (half in cash and half in stock) for 100% of the issued stock of Magma. The acquisition adds approximately 30,000 customers to PRIMUS Canada's existing Internet customer base of over 70,000. http://www.primustel.com

  • In January 2004, PRIMUS Canada introduced a consumer VoIP service for broadband users in Canada. Customers can select from Toronto, Ottawa, Hamilton, Montreal, Vancouver, Calgary and Edmonton local numbers.