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Home > Company Index > Telecommunications > Local Telecom & Private Transmission Services > CoreComm Limited

CoreComm Limited
Nasdaq: COMM
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 NEWS FROM THE WIRES
CoreComm to axe 110 more jobs in a restructuring
Jul 13 2001 03:59 PM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
Forget IPOs, Let's Make a Deal
Jul 03 2000 12:00 AM PDT

Tech Stocks Slow to Start the Week
Mar 13 2000 03:55 PM PST

 PROFILE
CoreComm wants to take residential and business customers away from the Baby Bells by providing local and long-distance phone service and Internet access, bundled at a price comparable to a Bell's toll for local service. The CLEC (competitive local exchange carrier) leases local loop lines and operates its own switches; it operates such facilities in Chicago; Cleveland; Columbus, Ohio; and Detroit. CoreComm serves up data by offering DSL (digital subscriber line) service, dedicated lines, and by operating its nationwide ATM (asynchronous transfer mode) network. The company has cut jobs and is selling its non-CLEC assets.

 COMPETITION
AT&T Corp. (T)
SBC Communications Inc. (SBC)
Sprint FON Group (FON)

 DEALS
Deal: CoreComm Acquires Voyager.net for $547 Million
Date Announced: 03.13.00
Value of transaction (US $Mil): 547
Description: Telephone, Internet and data service provider acquires Internet communications company.

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 TRACKERS
Jul. 13, 2001 - LAYOFF TRACKER
110 laid off
Description: Reducing operating costs and focusing on its integrated communications products for the business market as well as its bundled local telephony and Internet products.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 132.10
1-Yr. Sales Growth: 127.0%
Employees: 2,020
Revenue per employee: $65,396.04

 KEY PEOPLE
• J. Barclay Knapp
    CEO
• J. Barclay Knapp
    CFO

 CONTACT INFO
110 E. 59th St.
New York, NY 10022
US
Phone: 212-906-8485
Fax: 212-752-1157
Online: Web Site

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