Thursday, December 02, 2010
nTelos Completes Purchase Of FiberNet
WEST VIRGINIA....
Va.-based telecommunications provider nTelos completed its purchase of FiberNet for $169 million Thursday. The deal includes 30,000 customers in West Virginia and neighboring states. nTelos has hired nearly 200 FiberNet employees and gave non-sales staff a raise Thursday, their first salary increase in several years. Frank Berry, president of wireline operations at nTelos, pledges to spend $40 million to expand high-speed data and fiber optic networks in West Virginia during the next three years. The money will be used to upgrade facilities and equipment. The National Telecommunications and Information Administration rejected CityNet’s request to suspend the federal stimulus grant.
Va.-based telecommunications provider nTelos completed its purchase of FiberNet for $169 million Thursday. The deal includes 30,000 customers in West Virginia and neighboring states. nTelos has hired nearly 200 FiberNet employees and gave non-sales staff a raise Thursday, their first salary increase in several years. Frank Berry, president of wireline operations at nTelos, pledges to spend $40 million to expand high-speed data and fiber optic networks in West Virginia during the next three years. The money will be used to upgrade facilities and equipment. The National Telecommunications and Information Administration rejected CityNet’s request to suspend the federal stimulus grant.# posted by Homer Owens @ 11:10 PM 
