M&A Deal Summary

TPx Communications Acquires Mpower Communications

On May 5, 2006, TPx Communications acquired communications company Mpower Communications for 204M USD

Acquisition Highlights
  • This is TPx Communications’ 1st transaction in the Communications sector.
  • This is TPx Communications’ largest (disclosed) transaction.
  • This is TPx Communications’ 1st transaction in the United States.
  • This is TPx Communications’ 1st transaction in New York.

M&A Deal Summary
Date 2006-05-05
Target Mpower Communications
Sector Communications
Buyer(s) TPx Communications
Deal Type Add-on Acquisition
Deal Value 204M USD
Advisor(s) Morgan Stanley
Evercore Group (Financial)
Shearman & Sterling (Legal)

Target

Mpower Communications

Pittsord, New York, United States
Mpower Communications is a facilities-based broadband communications provider offering a full range of data, telephony, Internet access and Web hosting services for retail business and wholesale customers.

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Buyer(S) 1

Buyer

TPx Communications

Los Angeles, California, United States

website

Category Company
Founded 1998
Sector Communications
DESCRIPTION
TelePacific's office in San Jose, California.
TelePacific's office in San Jose, California.

TPx Communications is a provider of UCaaS, Managed IT services and Managed Connectivity services, with approximately 30,000 customers and 53,000 customer locations across the U.S. TPx local exchange carrier that delivers local, long-distance, broadband Internet, web hosting, co-location, cloud-based and data transport services to business customers in California, Nevada and Texas. TPx Communications was established in 1998 and is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 6
Sector (Communications) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (New York) 1 of 1
Country (United States) 1 of 6
Year (2006) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-07 Arrival Communications

Bakersfield, California, United States

Arrival is a profitable facilities-based competitive local exchange carrier, offering a full array of integrated communications services to business customers. Arrival targets business customers in underserved markets throughout Central California, a fast-growing region characterized by a large concentration of small and medium-sized enterprises.

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Company

Legal