SureWest
|
Formerly called
|
Roseville Telephone Company(1914–2003) |
|---|---|
| Industry | Telecommunications |
| Founded | 1914 as the Roseville Telephone Company in Roseville, California, United States |
| Founder | William Doyle |
| Headquarters | Roseville, California, United States |
| Parent | Consolidated Communications |
Consolidated Communications, formerly SureWest, is an American telecommunications company based in Roseville, California, serving the Greater Sacramento Valley and Kansas City region markets.
Contents
History
SureWest was founded in 1914 by William Doyle as the Roseville Telephone Company – SureWest became the official name in 2003.
By late 2000, SureWest's territory had grown to serve (incumbent local exchange carrier) the California areas of Roseville, Citrus Heights, Granite Bay, Rocklin and Antelope. With the purchase of the bankrupt WINfirst in 2002, service was extended and has continued to grow in (competitive local exchange carrier) the California areas of Sacramento, Carmichael, Elk Grove and Lincoln.
Services provided are telephone, voice over IP, DSL (15 Mbit/s/1 Mbit/s, 10 Mbit/s/768 kbit/s, 6 Mbit/s/768 kbit/s, 3 Mbit/s/768 kbit/s, 1 Mbit/s/128 kbit/s), FTTH for competitive local exchange carrier areas up to 50 Mbit/s data both ways, IPTV in HD for copper customers with a bonded DSL modem, and IPTV in HD for FTTH customers.
In May 2004, SureWest Telephone introduced new "unlimited" calling plans for residential and small business customers, which offered significant savings when services are bundled with any combination of high-speed Internet, digital television, and wireless service.[1]
On December 6, 2007, SureWest acquired Everest Communications in Kansas and Missouri.[2] Following the acquisition, SureWest had a presence in California, Kansas and Missouri.
On January 22, 2008, SureWest announced the sale of its wireless network assets and spectrum licenses to Verizon Wireless. The sale closed in the second quarter of 2008.[3]
On April 6, 2009, SureWest launched a weekly 30-minute youth and high school sports program that can be viewed on SureWest digital television and online.[4]
On February 5, 2012, SureWest was acquired by Consolidated Communications for $23 per share in a combination of cash and stock, a 47% premium above Friday's close.[clarification needed] Including net debt, that put the total purchase price at about $535 million: $340 million plus $195 million. Consolidated arranged financing of $350 million through Morgan Stanley for the cash portion plus the refinancing of SureWest's debt.[citation needed]
In early 2014, SureWest officially took on the Consolidated Communications name, encouraging consumers to call it "CCI".
See also
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ "SureWest Communications Reaches Agreement to Acquire Everest Broadband".
- ↑ "Verizon Wireless to Purchase SureWest Communications Wireless Assets".
- ↑ "SureWest Launches the First Television Program to Highlight Sacramento Region's Youth and High School Sports". Yahoo! Finance.
External links
- Use mdy dates from July 2014
- Use American English from July 2014
- All Wikipedia articles written in American English
- Pages using infobox company with unsupported parameters
- Wikipedia articles needing clarification from July 2014
- Articles with unsourced statements from April 2014
- 1914 establishments in California
- Companies based in Roseville, California
- Companies established in 1914
- Telecommunications companies of the United States
