Deltacom
{{Infobox company
| name = Deltacom, Inc.
| logo = Deltacom Logo.svg
| logo_size = 240px
| logo_alt = Deltacom logo
| fate = Acquired by EarthLink
| foundation = {{Start date and age|1997}}
| defunct = {{End date and age|2010}}
| location = Huntsville, Alabama
| industry = Telecommunications
| services = Plain old telephone service
Internet Service
Frame Relay
Asynchronous Transfer Mode
| key_people = Randall E. Curran, CEO
Richard E. Fish Jr., CFO
| num_employees = 2,000
}}
Deltacom, known as ITC^Deltacom until 2006, was a regional competitive local exchange carrier operating in the southern United States, primarily in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee. Deltacom provided local telephone service and long distance calling, Internet service and wide area network connectivity via Frame Relay, Asynchronous Transfer Mode, or dedicated point-to-point telecommunication circuits. Deltacom also provided directory assistance to its own customers and sold the service to other carriers.
In December 2010, the company was acquired by EarthLink.{{cite press release | url=https://www.prnewswire.com/news-releases/earthlink-completes-itcdeltacom-acquisition-111517709.html | title=EarthLink Completes ITC^DeltaCom Acquisition | publisher=PRNewswire | date=December 8, 2010}}
The company was majority owned by Welsh, Carson, Anderson & Stowe.{{cite web| url=https://www.sec.gov/Archives/edgar/data/1041954/000090445405000278/0000904454-05-000278.txt |title=SEC Form SC 13D/A -- General statement of acquisition of beneficial ownership [amend] | publisher=U.S. Securities and Exchange Commission | date=April 6, 2005}}
History
File:Deltacom home office huntsville.jpg
File:Deltacom sign anniston.jpg
The company was funded by ITC Holding Company.
In October 1997, the company became a public company via an initial public offering.{{cite web | url=http://www.nasdaq.com/markets/ipos/company/itc-deltacom-inc-6899-9450 | title=ITC Deltacom Inc. | publisher=NASDAQ}}
In 1999, the company acquired Scientific Telecommunications.{{cite news| url=https://www.bizjournals.com/atlanta/stories/1999/08/16/daily8.html | title=ITC DeltaCom buys Mississippi firm | work=American City Business Journals | date=August 17, 1999}} The company also acquired AvData Systems for $28 million.{{cite news| url=https://www.bizjournals.com/atlanta/stories/1999/04/12/daily21.html | title=AvData and ITC^DeltaCom to merge | work=American City Business Journals | date=April 16, 1999}}
In March 2001, ITC Holding made an additional $150 million investment in the company.{{cite news| url=https://www.bizjournals.com/atlanta/stories/2001/03/12/story8.html | title=ITC^DeltaCom to receive $150M cash infusion | first=Brian | last=Moran | work=American City Business Journals | date=March 12, 2001}}
In July 2001, Larry F. Williams was named chairman and chief executive officer of the company.{{cite news| url=https://www.bizjournals.com/atlanta/stories/2001/07/23/daily26.html | title=ITC DeltaCom Inc. names CEO, reports net loss | work=American City Business Journals | date=July 24, 2001}}
In June 2002, the company filed for bankruptcy protection.{{cite news| url=https://www.bizjournals.com/atlanta/stories/2002/06/24/daily33.html | title=ITC^DeltaCom files Chapter 11 | first=Mary Jane | last=Credeur | work=American City Business Journals | date=June 26, 2002}} It emerged from bankruptcy protection in October 2002.{{Cite web|title=ITC DeltaCom emerges from Chapter 11 filing|url=https://www.bizjournals.com/jacksonville/stories/2002/11/25/newscolumn4.html|url-status=live|access-date=2021-02-26|website=www.bizjournals.com|archive-url=https://web.archive.org/web/20021231162326/http://www.bizjournals.com:80/jacksonville/stories/2002/11/25/newscolumn4.html |archive-date=2002-12-31 }}
In 2003, the company merged with Business Telecom.{{cite news | url=http://www.bizjournals.com/memphis/stories/2003/07/14/newscolumn1.html |title=ITC DeltaCom, BTI to merge operations | first=Rob | last=Robertson | work=American City Business Journals | date=July 10, 2003}}{{cite news| url=https://www.bizjournals.com/triangle/stories/2004/02/09/focus7.html | title=No. 7: Merger of BTI with ITC DeltaCom | work=American City Business Journals | date=February 9, 2004}}
In 2006, the company changed its name from ITC Deltacom to Deltacom, after ITC Holding Company no longer owned a controlling interest.{{cite web| url=https://dms.psc.sc.gov/attachments/matter/3C411AF2-E64D-DC15-0880A89B8EB2A731 | title=Notification of Name Change | date=March 24, 2006}}
References
{{Reflist|1}}
{{United States telephone companies}}
{{Authority control}}
Category:Companies based in Huntsville, Alabama
Category:American companies established in 1997