LOS ANGELES, April 1, 2011 /PRNewswire/ -- TelePacific Communications, the largest California-based CLEC providing integrated voice and data telecommunications services to the small and medium-sized business ("SMB") customer segment in California and Nevada, announced that it has received regulatory approval for and completed the acquisition of NextWeb, Inc., dba Covad Wireless, a broadband fixed wireless carrier operating in California, Nevada and the Chicago, Illinois area.
Through its acquisition of NextWeb, TelePacific now controls a WiMAX-featured wireless broadband network, a licensed microwave backhaul network, and a high bandwidth wireless network operating in licensed LMDS spectrum. The new network assets complement TelePacific's existing footprint and allows the company to broaden its product offerings in markets where it is already competitive. Further, the purchase supports TelePacific's strategy of investing in advanced broadband transport technologies.
TelePacific will also gain the benefit of approximately 3,500 profitable broadband fixed wireless business customers in California, Nevada and suburban Chicago.
"We are pleased to welcome Covad Wireless customers to the TelePacific family and look forward to introducing them to TelePacific's signature customer service," said Dick Jalkut, President and CEO of TelePacific. "The additional resources we gained through this acquisition—the fixed wireless network and experienced wireless team, have enhanced our ability to serve our customers. Each new acquisition has made us stronger and TelePacific is well-positioned to expand its market share."
Future and existing TelePacific customers will benefit from increased availability of high bandwidth data products with symmetrical upload and download speeds up to 100 Mbps. In addition, new redundancy options and special event Internet access will be available. Customers will also enjoy fast installs because incumbent local exchange carrier (ILEC) loops will not be needed to deliver these services.
TelePacific extended employment offers to all Covad Wireless employees at the time of the acquisition close and is fortunate to have them supporting legacy Covad Wireless customers. TelePacific continues to be privately-held and financial terms of the deal were not disclosed.
About TelePacific Communications
TelePacific Communications is a leading competitive telecommunications carrier that serves business customers throughout California and Nevada. TelePacific is headquartered in Los Angeles and has customer care centers in Los Angeles, Stockton and Las Vegas. In business since 1998, TelePacific is a facilities-based provider offering services through a combination of TelePacific-owned switches and network infrastructure, including its own and leased robust fiber-optic network assets. Service offerings include IP based integrated voice and data offerings, private MPLS VPN networking solutions, managed security and managed cloud services, dedicated Internet access, data center services, mobile services and business continuity solutions. TelePacific currently manages more than 38,000 customer accounts with more than 1.2 million access line equivalents in service. To learn more about TelePacific, visit www.telepacific.com.