EarthLink Announced Completion of One Communications’ Acquisition

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EarthLink Announced Completion of One Communications’ Acquisition EarthLink Announced Completion of One Communications’ AcquisitionEarthLink Announced Completion of One Communications’ Acquisition

 

6 April 2011

EarthLink has officially stated about completion of acquisition of One Communications.
According to the agreement, EarthLink should pay around $370 million for One Communications, including the repayment of $282 million debts and issuing around three million shares of the company’s common stock.
Earthlink also plans to deposit $21 million into escrow in order to fund possible One Communications post-closing obligations, as stated into the agreement.
EarthLink plans to integrate One Communications into the company’s Business department. With this acquisition, EarthLink Business IP network will have more than 28,000 route fiber miles all over 27 states.

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