Feb 14, 2003 : CenturyTel to Acquire Digital Teleport

📅 February 14, 2003 - Communication service provider CenturyTel Inc. (centurytel.com) announced on Thursday that a federal bankruptcy court has approved the company's $38 million bid to acquire the assets of regional fiber optics communications company Digital Teleport Inc. (digitalteleport.com).

Under the temrs of the asset sale, approved Thursday by Judge Barry S. Schermer of the U.S. Bankruptcy Court for the Eastern District of Missouri in St. Louis, CenturyTel will assume all existing contracts with customers and most of those with suppliers.
"This acquisition is a natural extension of our clustering strategy in rural and small-to-mid-sized city markets," said Glen F. Post, III, chairman and CEO of CenturyTel. "Digital Teleport's regional fiber network will help CenturyTel reduce or eliminate existing network costs from other transport providers and pursue additional revenue opportunities."
The transaction is expected to be completed during the second quarter of 2003.

Reads: 2048 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/cen021403.cfm
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Other news

📅 Feb 13, 2003 - NaviSite Elects Three New Board Members - Managed applications and Infrastructure provider NaviSite Inc. (NaviSite.com ) announced this week that it has elected three new members to the company's Board of Directors as of January 27, 2003. The newly-elected directors are James H. Dennedy, president of Strategic Software Holdings; Kenneth A. MacAlpine, president of KIF Capital Corporation; and Jim Pluntze, chief financial officer of Lanthorn Technologies. According to NaviSite, each of the new directors brings a considerable amount of experience in technology company management and development, and each will be a key member of NaviSite's leadership team as the company realigns for success. "With the

📅 Feb 13, 2003 - MSPAlliance Releases 2003 IT Buyer's Guide - Industry trade and business development organization the MSPAlliance (mspalliance.com) announced on Wednesday that it has released its 2003 Buyer's Guide, a comprehensive list of companies providing products and services related to IT outsourcing. Updated periodically throughout the year, says the MSPAlliance, the Buyer's Guide is free to download from the organization's Web site. The guide serves as both a promotional tool for MSPAlliance members and as a service for end-user companies that are interested in learning more about outsourcing. "The buyer's guide is an indispensable tool for any company considering outsourcing," said Charles Weaver, president of the M

📅 Feb 13, 2003 - Netfirms Launches Live 24/7 Support - Web hosting service provider Netfirms Inc. (Netfirms.com ) announced on Wednesday that it has made its customer service available 24 hours a day, 7 days a week, for customers all over the world. According to Netfirms, the company's customer support team is knowledgeable and dedicated, interacting with customers through email, telephone and live online chat. The company says the level of support it now provides is unmatched in the low-cost Web hosting market. "Netfirms has always been committed to providing superior service to our customers, and this step has underscored that commitment," said Thomas Savundra, president and CEO of Netfirms. "This is exciting for us b

📅 Feb 17, 2003 - Registrars Implement Renewal Grace Period - Domain name registrars serving generic top-level domains have begun implementing an extended renewal grace period for expired .com domains as a result of a new program approved recently by the Internet Corporation for Assigned Names and Numbers. The new grace period places domains on hold for 45 days after their expiration, allowing users an additional opportunity to renew expired domains. The service comes at a premium, however, with some registrars charging as much as $200 for grace-period renewals. According to Tom D'Alleva, vice president of marketing for domain registrar BulkRegister (BulkRegister.com -> enom.com), those charges include a fee that ICANN authorized the registry, in

📅 Feb 17, 2003 - Rackspace Hosts Make Friends Online - Managed Web hosting service provider Rackspace Managed Hosting Europe (Rackspace.co.uk -> rackspace.com) announced this week that it has signed an agreement to provide managed hosting services for online dating community Make Friends Online (MFO) (makefriendsonline.com). MFO, says Rackspace, was started in 1998 by the co-founders of Web applications development company Primary Drive, and has grown through word of mouth into a popular online dating community. Traffic has been doubling every three months for the past nine months, says Rackspace. The site now serves more than 100,000 members who spend an average of 15 minutes per session online. With a large and growing membership, sa

📅 Feb 17, 2003 - HP Introduces New Server Technology - Computer systems maker HP (hp.com) announced on Monday that it has introduced two servers that it says provide remarkable improvements in performance and server availability, the new HP ProLiant DL740 and the second-generation HP ProLiant DL760. Featuring the new HP F8 chipset, hot-plug RAID memory capabilities and HP ProLiant Management Essentials software, says HP, the servers are especially well suited to high-performance database use, business applications and IT consolidation projects. HP says it currently leads the eight-way server market with 50.7 percent market share, and its servers continue to advance standards-based computing into the enterprise, deliver