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Home > Company Index > Telecommunications > Long Distance Carriers > Startec Global Communications Corporation
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Startec Global Communications Corporation |
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PROFILE |
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Startec Global Communications helps cheerful immigrants phone home. The US carrier provides international phone service to ethnic residential and business customers in emerging economies. Customers use dial-around codes or toll-free access numbers to reach Startec's international network of owned and leased facilities, which includes traditional switched and Internet protocol (IP) gateways and capacity on undersea fiber cables. The firm provides wholesale service to other carriers, as well as Internet access and Web hosting. However, the economic downturn has forced the company to merge its US and European operations and cut almost half of its workforce. Founder and CEO Ram Mukunda owns 22% of Startec.
COMPETITION |
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AT&T Corp. (T)
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WorldCom, Inc. (dossier)
DEALS |
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Deal: Startec Raises $7.2 Million With Private Placement
Date Announced: 12.19.00
Value of transaction (US $Mil): 7.2
Description: IP provider for emerging markets and diverse communities raises expansion funding through placement of 1.8 million shares of stock.
> Search all deals for this company
TRACKERS |
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Jan. 11, 2001 - LAYOFF TRACKER
140 laid off
Description: Cutting 19% of its workforce in order to achieve profitability. Planning to move its customer service operations from Bethesda, Md., to Vancouver and is consolidating its U.K., France, Germany and Poland operations.
> More LAYOFF NEWS
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 324.50
1-Yr. Sales Growth: 17.4%
Employees: 711
Revenue per employee: $456,399.44
KEY PEOPLE |
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Ram Mukunda
CEO
Prabhav V. Maniyar
CFO
CONTACT INFO |
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1151 Seven Locks Rd.
Potomac, MD 20854
US
Phone: 301-365-8959
Fax: 301-365-8787
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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