Time Warner Telecom Buys Xspedius For $531.5M
Littleton, Colorado-based Time Warner Telecom has acquired Xspedius Communications, a provider of telecommunications services nationwide, the first said late this evening. Time Warner said it will pay $531.5M for the firm, including $212.5M in cash and $319M in shares of Time Warner Class A stock. Xspedius provides metro Ethernet, local and long distance, data, and dedicated Internet access. Time Warner said it expects Xspedius to generate $230 to $250M in revenue in 2007. Xspedius is majority owned by Thermo Capital Partners. Evercore Partners advised Time Warner Telecom, and Brown Brothers Harriman advise as financial advisor to Xspedius.
posted on Thursday, July 27, 2006
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