Telcove
TelCove was a medium-sized telecommunications founded in 1991{{cite news | title=What if Adelphia really does leave? | author=George Nianiatus | work=Olean Times Herald | date=October 3, 2004 | url=https://www.oleantimesherald.com/archives/what-if-adelphia-really-does-leave/article_be20a1ec-83d6-5bee-a3f7-09708390c272.html }} and based in Coudersport, Pennsylvania. TelCove was originally known as Hyperion. It later changed its name to Adelphia Business Solutions,[http://findarticles.com/p/articles/mi_qa3718/is_199907/ai_n8868737 Hyperion gets new name | CNY Business Journal (1996+) | Find Articles at BNET.com] but it changed its name again after internal corruption forced the parent company, Adelphia, to file for bankruptcy. TelCove was once known as Adelphia Business Solutions and was part of Adelphia Communications. Since 2004, the company had been majority-owned by Bay Harbour Management.
In 2006, TelCove was acquired by Level 3 Communications for US$1.2375 billion, consisting of US$637 million in shares of Level 3 common stock, US$445 million in cash and US$155.5 million in the assumption of debt.[http://www.level3.com/newsroom/pressreleases/2006/20060501.html Level 3 to Acquire TelCove] {{webarchive|url=https://web.archive.org/web/20080112163751/http://www.level3.com/newsroom/pressreleases/2006/20060501.html |date=2008-01-12 }}
In 2017, Level 3 Communications was acquired by CenturyLink.
References
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Category:Defunct companies based in Pennsylvania
Category:Level 3 Communications
Category:American companies established in 1991
Category:Companies based in Potter County, Pennsylvania
Category:Companies with year of establishment missing
Category:Companies disestablished in 2006
Category:2006 disestablishments in Pennsylvania
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