Telcove

TelCove was a medium-sized telecommunications based in Coudersport, Pennsylvania. TelCove was originally known as Hyperion. It later changed its name to Adelphia Business Solutions,[1] but it changed its name again after internal corruption forced the parent company, Adelphia, to file for bankruptcy. TelCove was once known as Adelphia Business Solutions and was part of Adelphia Communications. Since 2004, the company had been majority-owned by Bay Harbour Management.

In 2006, TelCove was acquired by Level 3 Communications for US$1.2375 billion, consisting of US$637 million in shares of Level 3 common stock, US$445 million in cash and US$155.5 million in the assumption of debt.[2]

In 2017, Level 3 Communications was acquired by CenturyLink.

References
  1. Hyperion gets new name | CNY Business Journal (1996+) | Find Articles at BNET.com
  2. Level 3 to Acquire TelCove Archived 2008-01-12 at the Wayback Machine
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.