PHOENIX, Oct. 18, 2010 – Integra Telecom Inc., a telecommunications provider for business, has entered into an agreement to acquire the local exchange customer base of Phoenix-based Sharenet Communications Company.
“Integra Telecom is pleased about the opportunity to integrate Sharenet’s customers into its Arizona operations,” said Byron Cantrall, senior vice president of Integra Telecom’s Arizona operations, “These customers can expect a smooth transition, in addition to experiencing Integra’s localized customer service and robust product offerings the company is known for, including its newly expanded services: Ethernet, broadband services, and SIP solutions”
Transfer of the Sharenet subscriber base to Integra Telecom is expected to occur before the end of 2010. The exact date of the transfer is dependent upon regulatory approval by the FCC and the Arizona Corporation Commission. Terms of the transaction were not disclosed.
Prior to and immediately following the transfer, customers will receive the same telecom products and services at the same rates, terms and conditions as they do currently.
Customers that have questions can call Sharenet Communications at 602-516-1207.
Since its founding in 1996, Integra Telecom maintains a successful track record acquiring and integrated telecommunications companies within its business model, including the purchase of Eschelon Telecom in 2007 for $710 million.
About Integra Telecom
Integra Telecom Inc. provides voice and Internet solutions to thousands of business and carrier customers in 11 Western states, including: Arizona, California, Colorado, Idaho, Minnesota, Montana, Nevada, North Dakota, Oregon, Utah and Washington. It owns and operates a best-inclass fiber-optic network comprised of metropolitan access networks, a nationally acclaimed Internet and data networks, and a 4,700-mile high-speed long haul network. The company has earned some of the highest customer loyalty and customer satisfaction ratings in the telecommunications industry. Primary equity investors in the company include Goldman, Sachs & Co., Tennenbaum Capital Partners, funds managed by Farallon Capital Partners and Warburg Pincus. Integra Telecom and Electric Lightwave are registered trademarks of Integra Telecom Inc. For more information, visit: www.integratelecom.com.
MEDIA CONTACTS:
John Nee, 503-453-8084, john.nee@integratelecom.com
Melissa Moore, 503-546-7894, melissa@lanepr.com
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