Choice One Communications and CTC Communications merge

first_imgWaltham, MA and Rochester, NY February 10, 2006 CTC Communications and Choice One Communications today announced their agreement to enter into a merger of equals, creating one of the largest competitive local exchange carriers (CLECs) in the United States, and the largest privately held CLEC in the Northeast. Post merger, the combined entity is expected to generate over $550 million in annual revenues by serving over 100,000 customers by way of over 1,000,000 access line equivalents. The companies combined network will consist of 7,000 route miles of fiber connecting 630 collocations. The current shareholders of Choice One and CTC will each own exactly 50% of the combined firm.Choice One, headquartered in Rochester, New York, offers various combinations of bundled voice and data services, along with web hosting, design and development in 29 markets and twelve states in the Northeast and Midwest. CTC, headquartered in Waltham, Mass., has been the fastest growing CLEC in the Northeast this past year, completing the acquisitions of Lightship Telecom in May 2005 and Connecticut Broadband in October 2005. The company has been providing carrier-class VoIP services for five years, and offers a full range of voice, Internet and data services to businesses in eleven states throughout the Northeast and Mid-Atlantic, as well as the District of Columbia. The two companies networks overlap in seven states from Maine to Pennsylvania.The combination of Choice One and CTC is a significant and exciting development. It has become clear that in order to prosper in a competitive sector we should respond to the recent mega-mergers of the dominant incumbent phone companies, said Kenneth D. Peterson, Jr., Chairman of CTC and CEO of Columbia Ventures, sole owner of CTC. Both companies understand the power of synergies from this combination and believe in the necessity of continuing consolidation.This merger brings together two highly complementary CLECs with a shared strategic vision and strong operations in the Northeast, said Thomas J. Casey, Chairman and CEO of Choice One. Not only do weshare a similar passion for our clients and for delivering results, but we also share a common facilities-based strategy. CTC and Choice One each have unique strengths in network, systems, product and sales. Our customers will benefit from an expanded product suite and a denser and more expansive network. Simultaneously, our investors and employees will benefit from excellent growth opportunities.This merger is about leveraging greater financial strength and capabilities to the benefit of our customers, said Ray Allieri, President and CEO of CTC. The combination of CTCs fiber-based IP backbone network, which overlaps with Choice One markets from New England to Pennsylvania, together with Choice Ones extensive local network presence, gives us a powerful set of complementary assets and great growth prospects. We continue to believe that a high touch customer support approach will distinguish us in the marketplace.Peterson will serve as Chairman of the Board of the combined organization, which will consist of an equal number of directors appointed by the shareholders of each company. Casey will serve as CEO, while Allieri will serve as President. The merger of Choice One and CTC is subject to customary closing conditions, including a refinancing of existing bank debt and receipt of regulatory approvals. The name of the merged entity has not yet been determined. The merged company will continue to maintain a significant presence in both Rochester, NY and Waltham, MA with senior executives in each location.The Choice One Board was advised by The Blackstone Group L.P.s Corporate Advisory Services team, Akin Gump Strauss Hauer & Feld LLP, and Mintz Levin Cohn Ferris Glovsky & Popeo P.C. Choice Ones largest shareholder is an advisee of Camulos Capital LP. The CTC Board was advised by Columbia Ventures Corporation and Kelley Drye & Warren LLP.About Choice One CommunicationsChoice One Communications is a leading provider of voice and data services, including local and long distance phone service, high-speed Internet, T1 access, web hosting, design and development services in the Northeast and Midwest. The companys expansive network footprint, including 490 collocation facilities, reduces their dependency on the LECs, enabling them to be highly responsive to client needs. Visit Choice One Communications online at www.choiceonecom.com(link is external).About CTC CommunicationsCTC Communications is a leading integrated communications carrier providing business customers from Maine to Maryland with a full range of converged voice, data and Internet services, dynamically allocated on a next-generation, all-IP packet-based network. The company serves small, medium and larger business customers. CTCs Cisco-powered IP+ATM packet network runs over a fully managed and CTC-owned fiber optic network. CTC has provided cost-effective communication solutions since 1981 and is today part of Columbia Ventures Corporations worldwide family of businesses. Visit CTC Communications online at www.ctcnet.com(link is external).About Columbia Ventures CorporationColumbia Ventures Corporation, the parent company of CTC Communications, based in Vancouver, Washington, is a multinational, entrepreneurial, private equity company. Other wholly owned CVC telecommunication investments include Hibernia Atlantic, a transatlantic cable system linking Boston, New York, Halifax, Dublin and London; and Magnet Networks, a Dublin company bringing triple play services via Fiber-To-The-Home and ADSL2+ to Ireland.last_img read more

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Kestrel Hires Two Editorial Personnel

first_imgKestrel Health Information, Inc., publishers of leading medical product directories including: WoundSource, IncontinenceSource, and DermProducts, is pleased to announce the hiring of two editorial associates: Elizabeth Kellogg and Samantha Magazu.Elizabeth Kellogg holds a bachelors degree in English and Philosophy from the University of Vermont. Elizabeth will be Kestrel’s trade show and public relations coordinator and will be working extensively in the editorial department.Samantha Magazu holds a bachelors degree in English with a miner in Linguistic Anthropology from the University of Vermont. Samantha will be responsible for researching new potential markets and developing Kestrel’s clinical audience.Kestrel prides itself on providing convenient, easy-to-use directories specializing in fields that are of particular importance to medical professionals. Due to the success of its current publications, Kestrel is looking to introduce new publications and increase its presence on the web.For more information, visit www.kestrelhealthinfo.com(link is external) or call (802) 453-2955.last_img read more

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Champlain College launches BYOBiz Speaker Series

first_imgBURLINGTON, Vt.–Champlain College’s Bring-Your-Own-Business program (BYOBiz) is launching a new speaker series focused on entrepreneurship. The talks are free and open to the public and will cover a wide range of business topics of interest to future and current entrepreneurs.”The BYOBiz Speaker Series&And Entrepreneurship for All” kicks off in March with two offerings.On Thursday, March 15 at 7 p.m., several area retailers will discuss “Retailing in the Millennium–Challenges and Opportunities.” Representatives from Earl’s Cyclery and Fitness, Lake Champlain Chocolates, Small Dog Electronics, Steeze and The Body Shop will take part in the discussion. Offered in Champlain College’s Alumni Auditorium at 375 Maple Street, Burlington.On Wednesday, March 28 at 7 p.m., Bob Verrico of Giant Step Strategies will discuss “Using the Latest Technology to Place a Value on Your Customer.” Offered in Champlain College’s Alumni Auditorium at 375 Maple Street, Burlington.”The BYOBiz Speaker Series&And Entrepreneurship for All” is sponsored in part through a grant from The Coleman Foundation, a private, independent grantmaker that has committed more than $38 million to promote the option of self-employment, improve the quality of entrepreneurship education, and help create a new generation of business owners.Champlain College’s new BYOBiz program offers a unique blend of targeted course selections, mentoring networks and community support to help student entrepreneurs build their businesses successfully. The program has been featured in Entrepreneur magazine and on “Marketplace” business report, heard on national public radio stations.last_img read more

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IBEW Local 300 Endorses Obama for President

first_imgSouth Burlington, Vt. – (July 31, 2008) – The International Brotherhood of Electrical Workers Local 300 has endorsed Sen. Barack Obama (D-Ill.) for President of the United States.The 1,200-member labor union represents public and private sector employees throughout Vermont. IBEW Local 300 has initiated an aggressive internal political action campaign to involve its constituency in the electoral process.”After eight years of the anti-worker Bush Administration, Sen. Obama is the clear choice to lead our wonderful country in the right direction,” said IBEW Local 300 Business Manager Jeffrey Wimette. “It is no mistake that Sen. Obama earned a 98 percent lifetime rating from the AFL-CIO for his unwavering support of working families. He is the lone major party presidential candidate that will fight for good wages, quality healthcare, secure retirement, fair taxation, responsible trade and the freedom to form unions.” IBEW International President Edwin D. Hill echoed that assessment.”Now is the time to unite behind the candidate who offers the best chance to reverse the disastrous policies of the past eight years,” he said. “We as a people face difficult choices on healthcare, energy policy and building jobs and opportunity in a world increasingly bound by economic and environmental issues. Barack Obama offers positive leadership to navigate our way into the future instead of continuing the failures of the past.”A collaborative effort between AFL-CIO affiliated unions nationwide, the 2008 election marks labor’s largest mobilization ever for pro-worker candidates. To date, union volunteers have focused on rallying 13 million voters, knocked on 60,000-plus doors, delivered 1.5 million worksite fliers, and sent 500,000 mailers to union swing voters in key battleground states. ABOUT IBEW LOCAL 300Based in South Burlington, IBEW Local 300 serves 1,200-plus working Vermonters at some of the state’s most successful businesses, including American Electric, Ben and Jerry’s, Brown Electric, Burlington Electric Department, Central Vermont Public Service, Century Electric, Entergy-Vermont Yankee, E.S. Boulos, Green Mountain Power, Peck Electric, Sherwin Electric, Vermont Gas, Washington Electric Cooperative and several municipalities. Local 300 members earn a living wage, healthcare coverage and best-in-class retirement benefits. The organization is part of the International Brotherhood of Electrical Workers, which is headquartered in Washington, D.C., and represents approximately 750,000 laborers in utilities, construction, telecommunications, broadcasting, manufacturing, railroads, government and more. The IBEW has members in both the United States and Canada and stands out among AFL-CIO unions because of its size and highly skilled constituency.For more information, contact Marketing and Business Development Director Matt Lash at (802) 864-5864, MLash@ibewlocal300.org(link sends e-mail) or www.ibewlocal300.org(link is external).last_img read more

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Market Turmoil: What It Means for Vermont

first_img“Market Turmoil: What It Means for Vermont”Panelists Phil Daniels, CEO, TD Banknorth, Burlington; Tom Torti, President, Lake Champlain Regional Chamber of Commerce; Dr. Art Woolf, Vermont Economy Newsletter; Jack McMullen, Cambridge Meridian Investors; George Ewins Sr, Merrill Lynch-Burlington (retired)discuss the Wall Street turmoil and the economy.Wednesday, October 22, 2008 Program from 5-6:30pmSheraton Burlington Conference Center – Emerald BallroomDiscussants: Phil Daniels, President and CEO, TD Banknorth, Burlington Tom Torti, President, Lake Champlain Regional Chamber of Commerce Dr. Art Woolf, Vermont Economy Newsletter Jack McMullen, Cambridge Meridian Investors George Ewins Sr. , Merrill Lynch-Burlington (retired)Sponsored byThe Ethan Allen InstituteThe Lake Champlain Regional Chamber of CommerceVermont Business MagazineVermont Economy NewsletterPublic invited – $10 contribution requestedlast_img read more

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Vermont to lead effort to write new science standards

first_imgThe state of Vermont will be among a group of states selected to lead an important effort to improve science education for all students. Vermont is one of 20 states that will lead the development of Next Generation Science Standards (NGSS), which will clearly define the content and practices students will need to learn from kindergarten through high school graduation. The NGSS process is being managed by Achieve an education reform non-profit organization. ‘Vermont has always had rigorous science standards, but it was time for them to be reviewed, said Armando Vilaseca, Vermont Commissioner of Education. Being a lead state will give Vermont access to current edge research and thinking around scientific principles. This partnership will provide content insights to inform the incorporation of engineering in science instruction and provide new, engaging learning opportunities for all students.’ The 20 Lead State Partners are Arizona, California, Georgia, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, Ohio, Rhode Island, South Dakota, Tennessee, Vermont, Washington and West Virginia.‘The Lead State Partners will provide important leadership and guidance throughout the development of the Next Generation Science Standards and are to be congratulated for making a strong commitment to improving science education,’ said Michael Cohen, president of Achieve. ‘This will be a collaborative process that will lead to a set of standards that provides America’s students a strong foundation in science and supports college and career readiness for all.’ The development of the Next Generation Science Standards is a two-step process. The first step was the building of a framework that identified the core ideas and practices in natural sciences and engineering that all students should be familiar with by the time they graduate. In July, the National Research Council released A Framework for K-12 Science Education, developed by a committee representing expertise in science, teaching and learning, curriculum, assessment and education policy. The second step is the development of science standards based on the Framework. As a Lead State Partner, (STATE) will guide the standard writing process, gather and deliver feedback from state-level committees and come together to address common issues and challenges. The Lead State Partners also agree to commit staff time to the initiative and, upon completion, give serious consideration to adopting the Next Generation Science Standards. In order to be considered, states had to submit a letter with the signature of the Chief State School Officer and the chair of the State Board of Education. American students continue to lag internationally in science education, making them less competitive for the jobs of the present and the future. A recent U.S. Department of Commerce study shows that over the past 10 years, growth in Science, Technology, Engineering and Mathematics (STEM) jobs was three times greater than that of non-STEM jobs. The report also shows that STEM jobs are expected to continue to grow at a faster rate than other jobs in the coming decade. ‘There is a clear benefit to providing our students with the strong science education they need to compete in college and the work place,’ said Stephen Pruitt, Vice President of Content, Research and Development at Achieve, who is coordinating the NGSS effort. ‘A strong science education provides all students with opportunities to be successful in the 21st century.’ For more information, visit the Next Generation Science Standards website at www.nextgenscience.org(link is external)last_img read more

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