According to the FCC Public notive below some CLEC’s are still fighting Verizon. It looks like this forbearance order slipped the cracks before without any action. Covad, Nuvox and XO are the original filer of the petition. Read the rest of this entry »
NuVox Communications announced the launch of VoxNET, its comprehensive suite of Multi Protocol Label Switching (MPLS)-based networking solutions. VoxNET, designed exclusively for small and medium-sized business customers, is now available in all of NuVox’s markets in the Southeast and Midwest. Read the rest of this entry »
NuVox Communications, a leading Integrated Communications Provider (ICP) serving business customers in 16 Southeastern and Midwestern United States, announced today that it has expanded its calling and service area to include Conway, Arkansas. The company currently provides services to hundreds of businesses in the greater Little Rock area. Read the rest of this entry »
NuVox Communications, a leading provider of voice, data, and security services to business customers throughout the Southeast and Midwest, has been recognized by the US General Services Administration (GSA) as a telecommunications provider for federal agencies. The GSA is federal government-regulated agency which functions as a purchasing arm of the US government by offering support to federal agencies in the form of procurement of services and technologies.
In its recent five-year contract estimated at $94 million, NuVox is a Competitive Local Exchange Carrier (CLEC) recognized by the GSA. In several markets, NuVox is the sole source provider for telecom and local access services, specifically Myrtle Beach, SC; Eglin AFB, FL; Ft. Myers, FL; and Tallahassee, FL,.
“NuVox is pleased to be recognized by GSA and to be eligible to provide services to federal clients. This is a clear endorsement of NuVox’s excellent service to business customers, and our inclusion in this contract proves the GSA’s recognition of our commitment to best serving our business customers,” commented Scott Brakefield, Strategic Account Manager for NuVox. “We have created a strong partnership with several federal agencies by consistently developing communications with reliable service and competitive services.”
NuVox Communications currently provides telecommunications services for a number of military facilities in the Southeast including Fort Jackson, Fort Gordon, Dobbins Air Reserve Base, the Georgia National Guard, Hurlburt Air Force Base, and Robins Air Force Base. Read the rest of this entry »
NuVox Communications, a leading communications provider to business customers throughout the Southeast and Midwest, today announced that it has closed a $95 million senior secured credit facility, consisting of an $85 million 6-year term loan and a $10 million 5-year revolving credit facility. The proceeds from the new facility will be used to refinance certain existing indebtedness and for general corporate purposes.
“This financing positions NuVox to rapidly expand the deployment of VoxIP, our voice over Internet protocol (VoIP) offering. VoxIP, which was introduced in 2005, now represents approximately 10% of sales to new customers,” commented Jim Akerhielm, Chief Executive Officer of NuVox Communications. “Over the past year, NuVox has made major investments in the network infrastructure and back-office platforms necessary to provide a fully-managed, private network-based VoIP solution to our customers. This financing will enable us to significantly accelerate our VoxIP sales and marketing efforts in the second half of 2006.”
Steve Shoemaker, Chief Financial Officer of NuVox Communications added, “This financing substantially improves our financial flexibility and liquidity position. We will continue to have modest financial leverage after this transaction, and are provided with additional capital resources for organic and acquisitive growth. This broadly syndicated transaction involving over 15 institutions demonstrates the financial community’s confidence in our business plan and VoIP strategy.”
NuVox recently received a B2 rating from Moody’s Investors Service and a B- rating from Standard & Poor’s on this new $95 million senior secured credit facility. Read the rest of this entry »