Deltacom Explained

Deltacom, Inc.
Logo Alt:Deltacom logo
Fate:Acquired by EarthLink
Location:Huntsville, Alabama
Industry:Telecommunications
Services:Plain old telephone service
Internet Service
Frame Relay
Asynchronous Transfer Mode
Key People:Randall E. Curran, CEO
Richard E. Fish Jr., CFO
Num Employees:2,000

Deltacom, known as ITC^Deltacom until 2006, was a regional competitive local exchange carrier operating in the southern United States, primarily in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee. Deltacom provided local telephone service and long distance calling, Internet service and wide area network connectivity via Frame Relay, Asynchronous Transfer Mode, or dedicated point-to-point telecommunication circuits. Deltacom also provided directory assistance to its own customers and sold the service to other carriers.

In December 2010, the company was acquired by EarthLink.[1]

The company was majority owned by Welsh, Carson, Anderson & Stowe.[2]

History

The company was funded by ITC Holding Company.

In October 1997, the company became a public company via an initial public offering.[3]

In 1999, the company acquired Scientific Telecommunications.[4] The company also acquired AvData Systems for $28 million.[5]

In March 2001, ITC Holding made an additional $150 million investment in the company.[6]

In July 2001, Larry F. Williams was named chairman and chief executive officer of the company.[7]

In June 2002, the company filed for bankruptcy protection.[8] It emerged from bankruptcy protection in October 2002.[9]

In 2003, the company merged with Business Telecom.[10] [11]

In 2006, the company changed its name from ITC Deltacom to Deltacom, after ITC Holding Company no longer owned a controlling interest.[12]

In December 2010, the company was acquired by EarthLink.[1]

Notes and References

  1. EarthLink Completes ITC^DeltaCom Acquisition . . December 8, 2010.
  2. Web site: SEC Form SC 13D/A -- General statement of acquisition of beneficial ownership [amend] ]. . April 6, 2005.
  3. Web site: ITC Deltacom Inc. . NASDAQ.
  4. News: ITC DeltaCom buys Mississippi firm . . August 17, 1999.
  5. News: AvData and ITC^DeltaCom to merge . . April 16, 1999.
  6. News: ITC^DeltaCom to receive $150M cash infusion . Brian . Moran . . March 12, 2001.
  7. News: ITC DeltaCom Inc. names CEO, reports net loss . . July 24, 2001.
  8. News: ITC^DeltaCom files Chapter 11 . Mary Jane . Credeur . . June 26, 2002.
  9. Web site: ITC DeltaCom emerges from Chapter 11 filing. live. 2021-02-26. www.bizjournals.com. https://web.archive.org/web/20021231162326/http://www.bizjournals.com:80/jacksonville/stories/2002/11/25/newscolumn4.html . 2002-12-31 .
  10. News: ITC DeltaCom, BTI to merge operations . Rob . Robertson . . July 10, 2003.
  11. News: No. 7: Merger of BTI with ITC DeltaCom . . February 9, 2004.
  12. Web site: Notification of Name Change . March 24, 2006.