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  6. US LEC Acquires FASTNET

M&A Deal Summary

US LEC Acquires FASTNET

On December 17, 2003, US LEC acquired internet software and services company FASTNET for 9M USD

Acquisition Highlights
  • This is US LEC’s 1st transaction in the Internet Software and Services sector.
  • This is US LEC’s largest (disclosed) transaction.
  • This is US LEC’s 1st transaction in the United States.
  • This is US LEC’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2003-12-17
Target FASTNET
Sector Internet Software and Services
Buyer(s) US LEC
Deal Type Add-on Acquisition
Deal Value 9M USD
Advisor(s) Citizens Digital Infrastructure M&A Advisory (Financial)

Target

FASTNET

Bethlehem, Pennsylvania, United States
FASTNET Corp. is an internet services provider in Bethlehem, PA.

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Buyer(S) 1

Buyer

US LEC

Charlotte, North Carolina, United States
Category Company
Founded 1996
Sector Communications
DESCRIPTION

US LEC provided voice and data communications services to medium and large size businesses in the Southeast and Mid-Atlantic U.S.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2003 M&A 1 of 1
Size (of disclosed) 1 of 1
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