📅 - Allegiance Telecom, Inc. (algx.com) yesterday announced thatit has acquired substantially all of the Intermedia Business Internet assetsfrom WorldCom, Inc. (worldcom.com). Terms of the deal were not disclosed but Allegiance and WorldCom confirmed that the transaction is not a financially material event for either company.
WorldCom was obligated to sell the IBI assets pursuant to a consent decreeentered into by WorldCom and Intermedia in connection with their merger lastyear. That pact required that Clinton, Mississippi-based WorldCom to divest all ofIntermedia Communications assets, except for its controlling interest in Webhosting company Digex Inc. In 2000, WorldCom agreed to acquire Intermedia for approximately $3 billionin stock, plus the assumption of $3 billion in debt. The deal was completedin July 2001.
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📅 - Integral Access' PurePacketCompact Named Product of the Year by Two Magazines - Integral Access, Inc. (integralaccess.com) an IP access network company, announced yesterday that its PurePacketCompact access services aggregation platform for in-building, small campus, and low density applications, has been named Product of the Year for 2001 by both Communications Solutions magazine and Internet Telephony magazine, two publications that cover convergence and IP telephony technologies. PurePacketCompact will appear in the January 2002 issue of both publications. "Receiving Product of the Year honors from two highly respected publications is a great honor," said Guy Chenard, vice president marketing and business development, Integral Access. "These
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