RealTime IT News

FirstWorld Acquires Second Oregon ISP

FirstWorld Communications Inc. announced Thursday that it will acquire Transport Logic, a Portland-based Internet service provider, for $7.4 million.

The deal marks FirstWorld's second acquisition in Oregon during the past eight months. The acquisition will expand the Denver-based company's ability to provide digital subscriber line and telephony services in the Northwest U.S.

FirstWorld expanded its Internet services to Oregon in November last year when the company acquired Optec, Inc., a subsidiary of Enron Communications. As part of the deal, FirstWorld acquired a 40-mile fiber network around Portland and access to Enron Communications' broadband network connecting up to 15 cities nationwide. FirstWorld plans to combine these assets with Transport Logic's network to offer a wide range of Internet solutions.

Sheldon S. Ohringer, FirstWorld president and chief executive officer, said that the Transport Logic deal is a natural partnership among ISPs providing services to the business market.

"FirstWorld and Transport Logic are two companies joining forces to provide small- and medium-sized businesses a superior level of customer service and a full range of Internet solutions," Ohringer said.

Tony Schwartz, Transport Logic president, said the company's reputation for quality customer care would contribute to the companies' expansion plans.

"Over the last four years we have successfully built a reputation of providing superior Internet service and customer care to businesses and consumers," Schwartz said.

"By combining Transport Logic with FirstWorld, we will create an Internet solutions company offering a complete end-to-end solution to businesses of all sizes throughout the region."

Transport Logic is a regional Internet service provider serving over 9,000 subscribers in the Northwest United States.

FirstWorld Communications, Inc. is an Internet solutions and telecommunications provider offering bundled voice and data services through a combination of owned and managed facilities. FirstWorld currently serves businesses in California, Oregon, and Washington.