Integra Telecom

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Integra Telecom Holdings, Inc.
Type Privately Held
Founded 1996
Headquarters Portland, Oregon
45°32′02″N 122°39′33″W / 45.533845°N 122.659242°W / 45.533845; -122.659242Coordinates: 45°32′02″N 122°39′33″W / 45.533845°N 122.659242°W / 45.533845; -122.659242
Key people Dudley R. Slater, CEO
Industry Telecom Service - Domestic
Products Telecommunications, Broadband Internet
Revenue $682 Million
Employees 2,300
Website www.integratelecom.com

Integra Telecom is a privately owned, facilities-based, integrated telecommunications carrier and communications equipment provider headquartered in Portland, Oregon, United States. Founded in 1996, the company is one of the largest competitive local exchange carriers (CLEC) in the United States[citation needed] and provides services to eleven states, all in the west.[1] As of 2009, Dudley Slater was the chief executive officer of Integra and the company had annual revenues of $683 million, with about 2,300 employees company-wide.[2]

Contents

[edit] History

The company was founded in 1996 through the acquisition of OGI Telecomm,[3] a shared tenant provider formed in 1984 to provide voice and data services to the Oregon Graduate Institute (then based in unincorporated Washington County) and businesses in the AmberGlen Business Park, a nearby office park. By the year 2000 Integra had grown to annual revenues of $42 million, and grown to around $150 million in 2005.[2] Integra Telecom doubled in size through the acquisition of Electric Lightwave (ELI) from Citizens Communications (later renamed Frontier Communications) in 2006,[3] and in 2007 acquired Eschelon Telecom, which again doubled the size of the company.[4] ELI was purchased for $243 million in cash as well as an assumption of $4 million in debt in a deal that closed in August 1, 2006.[5] The Eschelon purchase was for $566 million in cash and $144 million in assumed debt.[4]

As of 2007, Integra had 1,100 employees and annual revenues of $340 million before their purchase of Eschelon.[4] That year they moved part of their operations into the 20-story Lloyd Center Tower in Portland's Lloyd District on the city's eastside.[6] This is near their headquarters at the 1201 Lloyd Building.[6] By 2009 the company had grown to annual revenues of more than $680 million and employed more than 550 people at their headquarters and 2,300 people across the company.[1] In 2009, the company brought in new investors to reduce its debt load by approximately $600 million.[2][7] Integra accumulated much of the debt due to its earlier acquisitions, and faced the possibility of bankruptcy due to breaching covenants in its loan agreements.[2]

[edit] Services

The Lloyd Center Tower, location of part of the company's operations

In contrast to companies that simply resell services from the monopoly Regional Bell Operating Companies (RBOC), Integra Telecom owns and operates an extensive fiber optic network offering local dial tone, domestic and international long distance, broadband internet, MPLS-enabled IP VPN and private line service, voice messaging, and numerous ancillary services and business phone systems, designed to support the communication needs of businesses. The company serves over 200 communities within the metropolitan areas of Arizona, California, Colorado, Idaho, Minnesota, North Dakota, Oregon, Montana, Nevada, Utah and Washington.

[edit] Electric Lightwave

Electric Lightwave now represents Integra’s carrier wholesale business unit. Relying on Integra’s 4,700-mile long-haul and data network and many metro fiber networks. Electric Lightwave provides communications network services including transport, internet access and voice services to nationally known telecom providers.

[edit] References

  1. ^ a b "Integra Telecom restructures debt". Portland Business Journal. July 22, 2009. http://portland.bizjournals.com/portland/stories/2009/07/20/daily29.html. Retrieved 2009-07-23. 
  2. ^ a b c d Rogoway, Mike (July 22, 2009). "Integra brings on new investors to cut debt". The Oregonian. http://www.oregonlive.com/business/index.ssf/2009/07/integra_brings_on_new_investor.html. Retrieved 2009-07-23. 
  3. ^ a b Earnshaw, Aliza (May 12, 2006). "Integra, Lightwave ready to meld products, cultures". Portland Business Journal. http://portland.bizjournals.com/portland/stories/2006/05/15/focus2.html. Retrieved 2009-07-23. 
  4. ^ a b c Earnshaw, Aliza (March 20, 2007). "Integra swells with Eschelon purchase". Portland Business Journal. http://portland.bizjournals.com/portland/stories/2007/03/19/daily10.html. Retrieved 2009-07-23. 
  5. ^ "Integra Telecom completes buy of Electric Lightwave". Portland Business Journal. August 1, 2006. http://portland.bizjournals.com/portland/stories/2006/07/31/daily14.html. Retrieved 2009-07-23. 
  6. ^ a b Culverwell, Wendy (August 24, 2007). "Fresh off some big moves, Integra signs large lease". Portland Business Journal. http://portland.bizjournals.com/portland/stories/2007/08/27/story9.html. Retrieved 2009-07-23. 
  7. ^ "Integra Telecom reduces debt, adds shareholders". Portland Business Journal. November 20, 2009. http://portland.bizjournals.com/portland/stories/2009/11/16/daily56.html. Retrieved 22 November 2009. 

[edit] External links

Retrieved from "http://en.wikipedia.org/wiki/Integra_Telecom"