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Home > Company Index > Telecommunications > Miscellaneous End-User Communications Services > Net2000 Communications, Inc.

Net2000 Communications, Inc.
Nasdaq: NTKK
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 PROFILE
Net2000 Communications is taking on the new millennium. The facilities-based CLEC (competitive local-exchange carrier) offers integrated voice and data services through a single broadband connection, mainly to large and midsized businesses. It has installed more than 150,000 access lines in 21 markets focused on the Washington, DC to Boston corridor. Net2000 is expanding its fiber-optic network with a three-phase national build-out. It currently carries 58% of its customer traffic on its own facilities-based network and leases lines from incumbent carriers. The company had its beginnings in 1993 as a sales agent for Bell Atlantic (now Verizon).

 COMPETITION
BellSouth Corporation (BLS)
SBC Communications Inc. (SBC)
Verizon Communications Inc. (VZ)

 DEALS
Deal: Net2000 to Buy Vision I.T.
Date Announced: 12.07.00
Value of transaction (US $Mil): 6.3
Description: Multimedia communications services firm to acquire Web video, data and network services integration company for $6.3 million in stock and debt assumption.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 61.80
1-Yr. Sales Growth: 123.1%
Employees: 883
Revenue per employee: $69,988.67

 KEY PEOPLE
• Clayton A. Thomas
    CEO
• Donald E. Clarke
    CFO

 CONTACT INFO
2180 Fox Mill Rd.
Herndon, VA 20171
US
Phone: 703-654-2000
Fax: 703-654-2525
Online: Web Site

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