Time Warner Telecom agreed to acquire Xspedius Communications, a privately held company which provides telecommunications services to businesses across the U.S., $531.5 million, consisting of $212.5 million in cash and $319 million in shares of Time Warner Telecom's Class A Common Stock.
Xspedius is a metro fiber-based provider of integrated communications services primarily to enterprise businesses as well as carrier customers. Its services include metro Ethernet, local and long distance voice, data and dedicated Internet access services, in 43 markets across 18 states and the District of Columbia.
http://www.twtelecom.comhttp://www.xspedius.com
- Xspedius was created through the consolidation of several telecommunications companies. The initial footprint consisted of 6 facility based cities - Lake Charles, Baton Rouge, Lafayette, Memphis, Nashville and Greensboro/Winston Salem.
- In August 2002, Xspedius purchased substantially all of the assets of Virginia-based e.spire Communications, adding 3,500 total route miles of fiber, over 600 On-Net buildings and over 150 collocated end offices.
- In January 2003, Xspedius acquired Mpower Communications' Texas assets added more than 7,000 customers and more than 60 collocated end offices in the Dallas/Fort Worth, Houston, Austin and San Antonio markets.
- In April, 2005, Xspedius purchased the business and assets of ICG Communications Inc. in five markets across the Southeast, adding another 194 buildings and 500 more fiber miles to its network.
