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  September 5, 2001
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Home > Company Index > Telecommunications > Local Telecom & Private Transmission Services > US LEC Corp.

US LEC Corp.
Nasdaq: CLEC
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 PROFILE
US LEC is lighting up switchboards as a fast-growing competitive local-exchange carrier (CLEC). The company provides telecommunications services to more than 5,000 customers, mainly high-usage entities such as hospitals, hotels, universities, and government agencies. US LEC's company-owned switches are connected by leased fiber-optic lines; its voice and data offerings include local, long distance, and international phone service, dedicated Internet access, and other data services. The company operates in 12 states, mainly in the southeastern and mid-Atlantic US, and Washington, DC, and it is certified in eight other states. Chairman Richard Aab owns 60% of the company and controls 91% of its voting stock.

 COMPETITION
ALLTEL Corporation (AT)
BellSouth Corporation (BLS)
Verizon Communications Inc. (VZ)

 DEALS
Deal: US LEC Secures $300 Million in Funding
Date Announced: 02.25.00
Value of transaction (US $Mil): 300
Description: Integrated telecom services provider gets $300 million.

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 115.00
1-Yr. Sales Growth: (34.4)%
Employees: 816
Revenue per employee: $140,931.37

 KEY PEOPLE
• Tansukh V. Ganatra
    CEO
• Michael K. Robinson
    CFO

 CONTACT INFO
Morrocroft III
Charlotte, NC 28211
US
Phone: 704-319-1000
Fax: 704-319-3024
Online: Web Site

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