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Covad News

MegaPath CEO Craig Young on merger with Speakeasy and Covad

September 2, 2010 Megapath News

Craig Young, Chairman and CEO of MegaPath noted, “for too long in the telecommunications industry, customer service and reliability have taken a back seat. With the combination of MegaPath, Covad and Speakeasy, we are bringing to market a leading nationwide IP network to deliver a complete line of end-to-end managed services, including voice, data and [...]

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Covad acquisition Completed

May 5, 2008 Covad News

Platinum Equity has completed the acquisition of Covad Communications Group on april 15th. The total value of the transaction is approximately $470 million. The acquisition was a public-to-private transaction in which an affiliate of Platinum Equity acquired all outstanding shares of Covad stock for $1.02 per share in cash. The company previously traded on the [...]

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FCC rules against Verizon’s Request for Forbearance

December 5, 2007 Featured

The Federal Communications Commission today addressed petitions for forbearance filed by the Verizon Telephone Companies, which sought certain forbearance relief in the Boston, New York, Philadelphia, Pittsburgh, Providence and Virginia Beach Metropolitan Statistical Areas, or MSAs. FCC Statement: The Commission found that the current evidence of competition does not satisfy the section 10 forbearance standard [...]

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Covad Q3 2007

October 30, 2007 Covad News

Covad Communications Group, Inc. (AMEX: DVW) announced its third quarter of 2007 financial results, including $121.9 million in net revenues, $10.3 million in A-EBITDA and a net loss of $4.9 million, or a $0.02 loss per share. “In the third quarter, our share of subscription revenues from higher-margin growth products exceeded fifty percent for the [...]

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Covad to be acquired by Platinum Equity

October 29, 2007 Covad News

Update: see Covad Megapath Merger Covad Communications Group Inc., (AMEX: DVW), a leading national provider of integrated voice and data communications, today announced that it has signed a definitive agreement to be acquired by Platinum Equity in an all-cash transaction. Under the terms of the agreement, which was unanimously approved by Covad’s Board of Directors [...]

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