CTC Communications Completes Purchase of Lightship Telecom; Merger creates largest competitive telecom company headquartered in New England.WALTHAM, Mass. -- CTC CTC - Cornell Theory Center Communications announced today that it has received final regulatory approval from state and federal agencies, and has completed its purchase of Lightship lightship, moored vessel bearing lights and other signal devices to guide ships and warn of hazards to navigation. Lightships are generally stationed at points where a lighthouse cannot be erected; they are given distinctive features (e.g. Telecom. The merging of CTC and Lightship creates the largest competitive telecommunications company See telecom company. headquartered in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . It also creates a powerful new voice, data and Internet service alternative for businesses and other organizations across the region. Terms of the transaction were not disclosed. "I'm pleased to welcome the loyal customers and employees of Lightship. Together CTC and Lightship are well-positioned to deliver an even broader portfolio of innovative services with greater value to businesses throughout New England and the Mid-Atlantic states Mid-At·lan·tic States See Middle Atlantic States. Noun 1. Mid-Atlantic states - a region of the eastern United States comprising New York and New Jersey and Pennsylvania and Delaware and Maryland U.S.A. ," said Ray Allieri, president and chief executive officer of CTC Communications. "This merger doubles the density of our network service area in New England and it significantly enlarges our sales and service organizations, both of which bring substantial benefits to our customers." The merged organization will market itself as CTC Communications, with headquarters located in Waltham, MA and regional offices located in eighteen communities from Maine to Virginia. CTC Communications will provide both traditional and IP-enabled voice and data services to businesses, combining Lightship's experience in traditional telephony with CTC's success in implementing business grade Voice over IP services, which it has provided since 2000. "This combination is a great first step in our strategy to both deepen our penetration and improve our economics in our Northeast footprint," said Ken Peterson Jr., chairman of CTC Communications and chief executive officer of Columbia Ventures, the parent of CTC Communications. "We will continue to evaluate additional potential transactions as well as charge ahead in our own aggressive program of organic growth." About CTC Communications CTC Communications is a leading integrated communications carrier providing customers with a full range of converged voice, data and Internet services, dynamically allocated on a next-generation, all IP packet-based network. The company serves small, medium and large business customers in 13 states from Virginia to Maine as well as the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , and has a strong heritage of outstanding customer service. CTC's Cisco-powered IP+ATM packet network runs over a fully managed and CTC-owned 8,600 mile fiber optic network. CTC Communications has provided cost-effective communication solutions since 1981 and is today part of Columbia Ventures Corporation's worldwide family of businesses. Visit CTC Communications online at www.ctcnet.com. About Lightship Telecom Lightship Telecom provides New England businesses with high-speed Internet and data access, local and long distance telephone service, dynamic bandwidth allocation Dynamic Bandwidth Allocation (DBA) is a technique by which traffic bandwidth in a shared telecommunications medium can be allocated on demand and fairly between different users of that bandwidth. , Wide Area Networks, co-location and hosting services. Other services and features include conference calling, voicemail, account codes, e-mail, and managed modem services. Lightship delivers voice, Internet and data access over a facilities-based digital switching network deployed throughout the business centers of Massachusetts, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , Maine, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. and Vermont. Additional information is found online at www.lightship.com. |
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