Integra Telecom

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Integra
Privately Held
Industry Telecom Service - Domestic
Founded 1996
Headquarters Vancouver, Washington
45°35′56″N 122°29′08″W / 45.599°N 122.4855°W / 45.599; -122.4855Coordinates: 45°35′56″N 122°29′08″W / 45.599°N 122.4855°W / 45.599; -122.4855
Key people
Bob Guth, CEO
Products Data Networking and Internet
Managed and Cloud Services
Voice Communications
Colocation and Equipment
Business Bundles
Number of employees
1,800
Website www.integratelecom.com

Integra is a privately owned provider of fiber-based, carrier-grade networking, communications and technology solutions, headquartered in Vancouver, Washington, United States. Founded in 1996, the company is a facilities-based providers of communication and networking services and serves 35 metropolitan markets across nine states.[1] While the company has expanded to serve large enterprise customers, Integra continues to serve small and medium-sized businesses.[2] As of 2012, the privately held company had annual revenues of $594.4 million with approximately 2,300 employees company-wide.[3]

History[edit]

The company was founded in 1996 through the acquisition of OGI Telecomm,[4] 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. The company became Integra Telecom in 1998.[5]

By the year 2000 Integra had grown to annual revenues of $42 million, and grown to around $150 million in 2005.[6] Integra Telecom doubled in size through the acquisition of Electric Lightwave (ELI) from Citizens Communications (later renamed Frontier Communications) in 2006,[4] and in 2007 acquired Eschelon Telecom, which again doubled the size of the company.[7] ELI was purchased for $243 million in cash as well as an assumption of $4 million in debt in a deal that closed on August 1, 2006.[8] The Eschelon purchase was for $566 million in cash and $144 million in assumed debt.[7]

In 2007, Integra had 1,100 employees and annual revenues of $340 million before their purchase of Eschelon.[7] 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.[9] This is near their headquarters at the 1201 Lloyd Building.[9] 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.[10] In 2009, the company brought in new investors to reduce its debt load by approximately $600 million.[6][11] 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.[6]

In 2011, Kevin O'Hara became the third chief executive officer of the company that year when he was named to replace Tom Casey in December.[12] Since then, Integra has marked a return to financial stability along with substantial growth for the company’s network assets Ethernet-based product portfolio and service offerings.[3] By the end of 2012, Integra had expanded its enterprise and wholesale customer base, contributing to an increasingly diversified customer and revenue mix.[3] Integra also renamed its Electric Lightwave subsidiary to Integra Wholesale to reflect its longstanding integration into Integra's business.[13] The company also announced the completed acquisition of equity interests previously held by Goldman, Sachs & Co., Integra’s largest shareholder, by investment funds affiliated with Searchlight Capital Partners, L.P. (collectively, “Searchlight”).[14]

In 2013, Integra closed a new $845 million senior secured credit facilities, including a $60 million revolving credit facility (undrawn at closing), a $585 million first lien term loan due 2019 and a $200 million second lien term loan due 2020.[15] The net proceeds from the new credit facilities were used to refinance Integra’s previously outstanding term loan and bonds, and for general corporate purposes.[15] To better align with its expanded market focus, Integra re-branded in February 2013 and introduced a new company logo and tagline, “Technology You Trust. People You Know.”[5] In 2014, the company moved its headquarters from Portland to neighboring Vancouver, Washington.[16][17]

Products and services[edit]

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

Integra owns and operates a fiber optic network consisting of a 5,000-mile long-haul fiber-optic network, 3,000 miles of metropolitan fiber and a nationwide IP/MPLS network. Additionally, the company offers data networking and high-speed Internet, managed and cloud services, voice communications, colocation and equipment and business bundles to small-to-medium businesses as well as large enterprises in 35 metropolitan markets including cities in Arizona, California, Colorado, Idaho, Minnesota, North Dakota, Oregon, Montana, Nevada, Utah and Washington.[18][19]

See also[edit]

References[edit]

  1. ^ "Integra Telecom Overview and Coverage". broadbandnow.com. Retrieved 2015-06-02. 
  2. ^ Steeves, Rich (April 18, 2013). "Integra Experiences Record Growth, Undergoes a Transformation". TMC.net. Retrieved 2013-06-24. 
  3. ^ a b c Rogoway, Mike (February 25, 2013). "Integra Telecom borrows $785 million to refinance debt; credit outlook improves". The Oregonian. Retrieved 20 May 2013. 
  4. ^ a b Earnshaw, Aliza (May 12, 2006). "Integra, Lightwave ready to meld products, cultures". Portland Business Journal. Retrieved 2009-07-23. 
  5. ^ a b Siemers, Erik (February 27, 2013). "Integra Telecom now just Integra". Portland Business Journal. Retrieved 22 March 2013. 
  6. ^ a b c Rogoway, Mike (July 22, 2009). "Integra brings on new investors to cut debt". The Oregonian. Retrieved 2009-07-23. 
  7. ^ a b c Earnshaw, Aliza (March 20, 2007). "Integra swells with Eschelon purchase". Portland Business Journal. Retrieved 2009-07-23. 
  8. ^ "Integra Telecom completes buy of Electric Lightwave". Portland Business Journal. August 1, 2006. Retrieved 2009-07-23. 
  9. ^ a b Culverwell, Wendy (August 24, 2007). "Fresh off some big moves, Integra signs large lease". Portland Business Journal. Retrieved 2009-07-23. 
  10. ^ "Integra Telecom restructures debt". Portland Business Journal. July 22, 2009. Retrieved 2009-07-23. 
  11. ^ "Integra Telecom reduces debt, adds shareholders". Portland Business Journal. November 20, 2009. Retrieved 22 November 2009. 
  12. ^ Rogoway, Mike (December 17, 2011). "Integra Telecom's new CEO seeks to bring stability to the Portland company". The Oregonian. Retrieved 19 December 2011. 
  13. ^ Buckley, Sean (October 10, 2012). "Integra Telecom names Comcast exec Martha Tate as its new wholesale chief". Fierce Telecom. Retrieved 2013-06-24. 
  14. ^ Buckley, Sean (November 9, 2012). "Integra Telecom Q3 earnings rise on strategic business sales". FierceTelecom. Retrieved 20 May 2013. 
  15. ^ a b Amato, Michael (February 7, 2013). "Integra Telecom Said to Set Rate on $780 Million of Term Loans". Bloomberg Businessweek. Retrieved 20 May 2013. 
  16. ^ Anderson, Mark (June 11, 2014). "Integra lands California bandwidth contract". Sacramento Business Journal. Retrieved 13 June 2014. 
  17. ^ "Contact Us". Integra. Integra Telecom. Retrieved 13 June 2014. 
  18. ^ "Integra Telecom Holdings, Inc.". National Broadband Map. Retrieved 2014-04-28. 
  19. ^ "Integra Telecom Overview and Coverage". Broadband Now. Retrieved 2014-04-28. 

External links[edit]