February 15, 2008

SureWest Communications Completes Everest Broadband Acquisition

By Anil Sharma, TMCnet Contributing Editor

SureWest Communications (News - Alert), an independent communications holding company, has completed acquisition of all of the issued and outstanding stock of Everest Broadband, Inc. for a purchase price of $173 million.

The transaction more than doubles SureWest's triple-play residential base and facilitates the rapid expansion of its business services.

Everest is a competitive provider of high-speed data, video and voice services in the greater Kansas City area.

SureWest Communications is one of the nation's leading integrated communications providers and is the bandwidth leader in the markets it serves under the SureWest and Everest brands.

Headquartered in Northern California, SureWest's bundled residential and commercial offerings include an array of advanced IP-based digital video, high-speed Internet, local and long distance telephone, and wireless PCS.

Its fiber-to-the-premise IP-based network features high-definition video and symmetrical Internet speeds of up to 50 Mbps. In the greater Kansas City region, Everest Broadband is a network-based residential and commercial provider of voice, digital video and high-speed Internet services.

Anil Sharma is a TMCnet Contributing Editor.

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(source: http://internetcommunications.tmcnet.com/topics/broadband-mobile/articles/20923-surewest-communications-completes-everest-broadband-acquisition.htm)