Time Warner Telecom Acquires Inc.Net
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The acquisition of Inc.Net is a major step for Time Warner Telecom in operating its own national IP backbone as TWT continues to tap the surging telecommunications market for additional services, including Internet access.
Inc.Net serves business customers with local and wide-area networks throughout the Midwest. It will become a wholly owned subsidiary of Time Warner Telecom, remaining in Wisconsin and reporting to Alec Ellsworth, the current president and CEO of Inc.Net. Financial terms of the acquisition were not disclosed.
"This acquisition brings a very talented group of people to our company. The Inc.Net team has and will continue to support the rapid deployment of our Internet and data products including DSL services," said Larissa Herda, Time Warner Telecom's president and chief executive officer.
"This transaction is a logical extension of the relationship that we've built since 1996 with Time Warner Telecom's Midwest region," Ellsworth said. "We've become even closer in the last year as our team trained Time Warner Telecom's entire sales force to prepare for the national rollout of Internet services. We're confident that we will hit the ground running and that our expertise will immediately add value to the product line."
Time Warner Telecom is a fiber-based competitive local exchange carrier offering a business telephony services and high speed business Internet access 19 U.S. cities. TWT plans to enter Jersey City and Dallas later this year.