M&A Deal Summary

AT&T Acquires BizTel Communications

On January 1, 1998, AT&T acquired communications company BizTel Communications from Northwood Ventures

Acquisition Highlights
  • This is AT&T’s 1st transaction in the Communications sector.
  • This is AT&T’s 3rd transaction in the United States.
  • This is AT&T’s 1st transaction in Nevada.

M&A Deal Summary
Date 1998-01-01
Target BizTel Communications
Sector Communications
Buyer(s) AT&T
Sellers(s) Northwood Ventures
Deal Type Add-on Acquisition

Target

BizTel Communications

Reno, Nevada, United States
website
BizTel Communicationsnetwork is a provider of last mile wireless communications.

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Buyer(S) 1

Buyer

AT&T

Dallas, Texas, United States

website

Category Company
Founded 1983
Sector Communications
Employees160,700
Revenue 120.7B USD (2022)
DESCRIPTION
AT&T's corporate headquarters in downtown Dallas, Texas.
AT&T's corporate headquarters in downtown Dallas, Texas.

AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T's services and products include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, and wholesale services. AT&T was founded in 1983 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 3 of 37
Sector (Communications) 1 of 19
Type (Add-on Acquisition) 3 of 30
State (Nevada) 1 of 1
Country (United States) 3 of 32
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 NCR

Atlanta, Georgia, United States

NCR is a global technology company focused on providing an ATM and POS manufacturer. The company provides products and services that enable businesses to connect, interact and transact with their customers and enhance their customer relationships by addressing consumer demand for convenience, value and individual service. NCR was founded in 1881 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Coloma Wireless

San Francisco, California, United States

Coloma Wireless, a company formed to participate in the FCC's WCS/2.3 GHz spectrum auctions. Coloma purchased spectrum covering 75 million pops.

Buy -

Seller(S) 1

SELLER

Northwood Ventures

Syosset, New York, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.

DEAL STATS #
Overall 11 of 49
Sector (Communications) 1 of 11
Type (Add-on Acquisition) 7 of 20
State (Nevada) 1 of 1
Country (United States) 11 of 45
Year (1998) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Cell Pathways

Horsham, Pennsylvania, United States

Cell Pathways, Inc develops and commercializes drugs for the prevention and treatment of cancer.

Sell $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 TeleCorp Wireless

Arlington, Virginia, United States

TeleCorp Wireless, Inc. provides digital wireless personal communications services to a licensed service area.

Sell -
Mergr

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