|By Business Wire||
|July 10, 2012 01:17 PM EDT||
Telscape Communications, Inc., a leading competitive local exchange carrier (CLEC), today announced that it has received final regulatory approval and completed the acquisition of Sage Telecom, Inc. (Sage) from Silver Point Capital. Financial terms were not disclosed.
Sage is one of the nation’s largest CLEC’s focused on residential and small business customers in suburban and rural communities. The privately-held company serves customers across 12 states and is known for its cost-effective local, long distance and internet services, simple and easy-to-understand calling plans and high-quality customer service. Sage is also recognized for its outstanding customer benefits such as free Sage-to-Sage customer long distance calling, refer-a-friend monthly fee credits, holiday discounts and Select Services for its best customers.
“The acquisition of Sage is an important strategic step for Telscape as we now have immediate access to a broader marketplace for our diversified service offerings and to the operational expertise and innovative capabilities of Sage and its employees,” said Nathan R. Johnson, Chairman of the Board for Telscape. “Together we expect to gain increased operating leverage, profitability and growth in our business lines.”
Sage will continue to provide its customers with friendly service and competitive local, long distance and internet service plans from its Richardson, Texas headquarters and service partner locations throughout its operating territory.
Redwood Capital based in New York, NY served as the exclusive financial advisor to Telscape Communications, Inc. regarding both the merger and financing.
About Telscape Communications, Inc.
Telscape Communications, Inc. (“Telscape”) was founded in 1999 as a facilities-based Competitive Local Exchange Carrier services provider serving Hispanic American consumers throughout Southern California and Nevada with concentrations of customers in Los Angeles, San Diego and Las Vegas. Telscape offers local and long distance access, network features, high speed internet and international calling services to residential customers as well as wireless services and mobile data through a Mobile Virtual Network Operator.
Headquartered in Los Angeles, California, Telscape is a privately-held company. For more information on Telscape and its services, please visit www.telscape.net.