June 28, 2006
Broadview Networks Holdings Inc. on Tuesday announced it will acquire ATX Communications Inc., an integrated communications provider that serves business customers in the Mid-Atlantic region including Delaware, the District of Columbia, Maryland, New Jersey, Pennsylvania and Virginia.
Details of the transaction were not released. However, the transaction is expected to close in 90 to 120 days, and is subject to, among other conditions, obtaining final regulatory approvals.
Together the two companies will provide voice and data communications services to 75,000 business and 25,000 residential customers, representing more than 600,000 access line equivalents. The companies will offer enhanced and managed services, and hardware solutions to business customers. The combined company, which will be privately held, will generate annual revenue of approximately $400 million, and will be powered by a network of 10 legacy and next-generation switching centers, and more than 230 collocations, the companies said.
The combination of Broadview and ATX gives us a significant presence in 10 states in the Northeast and Mid-Atlantic U.S., including every major metro market, said Michael K. Robinson, Broadview CEO. With $400 million of revenue and 75,000 business customers, we are uniquely positioned to serve commercial accounts throughout our footprint.
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