TelePacific, a communications and network services
company, announced its agreement to acquire Tel West Network Services
Corporation.
Tel West provides telecommunication service to
approximately 3,400 small and medium sized businesses, enterprise customers and
government accounts across the state of Texas. Tel West service offerings
include high speed internet and other ancillary telecommunications services.
“This transaction represents a compelling
opportunity for our current customers and employees. TelePacific brings with it
a customer-centric culture that drives best-in-class customer satisfaction
ratings. Our management team and employees are excited to be joining forces
with a rapidly growing company supported by significant resources,” said
Jeff Swickard, president and CEO of Tel West.
TelePacific
headquartered in Los Angeles, has the largest revenue market share for small
and medium size business customers in California and Nevada after AT&T,
Verizon and CenturyLink. Today, the Company and its 1,300 employees manage over
38,000 business accounts with more than 1.2 million access lines in service.
This transaction follows TelePacific’s recent
announcement to purchase the assets of Telekenex which includes a nationwide
PCI compliant MPLS/OC-192 backbone, cloud-based security services, managed
network services and a robust hosted PBX platform. TelePacific plans to
leverage these additional capabilities to Tel West
through TelePacific’s new managed services channel.
“The acquisition of Tel West will provide
TelePacific with a solid foundation for future growth in Texas. Tel West’s
success with its customers, employees and infrastructure creates an ideal
platform to leverage TelePacific’s expanded services and create the leading
communications network service provider in Texas,” said Dick Jalkut,
president and CEO, TelePacific.
The acquisition of Tel West represents an important
strategic milestone for TelePacific. Several years ago after significant
analysis, management and the Board of Directors identified Texas as a very attractive
expansion state in part due to its 20 percent population growth and 15 percent
business growth over the past 10 years.
TelePacific currently serves deep and dense population
centers in California and Nevada and with the addition of Texas will cover
approximately 20 percent of the small and medium businesses in the U.S. We are
very excited to be in a position to leverage Tel West’s outstanding employees,
network and dense metro fiber assets to build a substantial communications
company in Texas.
The combined company will continue to be headquartered in
Los Angeles and led by chairman and CEO Dick Jalkut. Tel West will continue to
operate under its own name and the leadership of Jeff Swickard who will
continue as president of Tel West.
By Telecomlead.com Team
[email protected]
