CLEC Holding Acquires First CLEC in State of Florida.FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 14, 1997-- Summary: CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) Holding Corp. acquires The Other Phone Company Inc., the first licensed competitive local exchange carrier in the State of Florida; expected 8,000 access lines in service by end of October. CLEC Holding Corp. (CHC CHC Chicago Cubs CHC Community Health Center CHC Chestnut Hill College (Philadelphia, Pennsylvania) CHC Congressional Hispanic Caucus CHC Community Health Council (UK National Health Service) ) announced today the acquisition of 95% of The Other Phone Company Inc. (OPC (1) (OpenGL Performance Characterization) A project group within GPC that manages OpenGL benchmarks. OPC endorses the Viewperf and GLperf benchmarks. Viewperf was created by IBM and OPC provides viewsets for it, which are combinations of tests using specific ). OPC, the first licensed and one of the fastest growing competitive local exchange carriers (CLEC) in the State of Florida, expects to have over 8,000 access lines in service by the end of October. Terms of the acquisition were not disclosed. John Murray Not to be confused with John Murry. There have been several important people by the name of John Murray (roughly in chronological order):
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of OPC. Murray stated, "OPC offers customers a personal service representative, a two (2) hour service guarantee and unlimited telephone service capabilities throughout the BellSouth region, (certification is pending outside the State of Florida), using BellSouth facilities at a discount to the consumer." Ken Baritz, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CHC stated: "The acquisition of OPC fits perfectly into CHC's initial strategic objective of rapidly growing large local access line customer bases in concentrated geographic regions. OPC has taken advantage of its early start in the competitive local exchange carrier business by completing the development of the necessary infrastructure to support a large customer base. CHC plans to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. OPC's early lead in the Florida market by providing both the managerial and financial resources needed to aggressively grow OPC's customer base, initially in the State of Florida." Baritz continued, "CHC intends to develop integrated telecommunications solutions for its customers. To further this strategy, the management of CHC is presently seeking strategic partnerships with entities in the long distance, Internet access, paging, cellular and utility industries." CONTACT: CLEC Holding Corp. Kenneth G. Baritz, 954/714-0000 (Chairman) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion