Broadvox (News - Alert)-CLEC, LLC is announcing this week that it plans to purchase the assets of Infotelecom, LLC out of Chapter 11 bankruptcy. Before it is finalized, the bankruptcy asset purchase will be subject to regulatory approvals. Upon approval, the deal is expected to close before the end of this year. At that time, Infotelecom, its assets and customers will be transferred to Broadvox-CLEC.
Broadvox-CLEC is a privately held company headquartered in Cleveland, Ohio. It is an affiliate of Broadvox, Inc., which through its subsidiaries is a large provider of integrated managed VoIP services and hosted unified communications to SMBs, enterprise and carrier customers. Founded in 2001, Broadvox has developed a global VoIP networks that is used by more than 300 telecommunications carriers, ASPs and ISPs, and over 3,500 businesses, for their VoIP communications needs.
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The transaction is expected to be mutually beneficial to both companies and their customers. Infotelecom will be able to bring an end to its bankruptcy with no interruption of service to its customers. As Broadvox-CLEC customers, they will continue to receive the same services on the same terms and conditions as they received from Infotelecom. Broadvox customers, who previously only had regional access to these services, will now have nation-wide availability. Further, all Broadvox customers will benefit from an improved cost structure and more flexibility in product innovation, according to the two companies.
“Broadvox-CLEC currently operates as a competitive local exchange carrier on a regional basis. With the Infotelecom purchase, Broadvox-CLEC can now offer its products and services nationwide,” said Kyle Bertrand, VP of Network Planning at Broadvox-CLEC, in a statement.
Edited by Brooke Neuman