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Home > Company Index > Telecommunications > Internet & Online Service Providers > NorthPoint Communications Group, Inc.

NorthPoint Communications Group, Inc.
 NEWS FROM THE WIRES
Broadband could add $500 bln to U.S. economy-study
Jul 15 2001 08:59 PM PDT

Broadband could add $500 bln to U.S. economy-study
Jul 15 2001 08:59 PM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
Broken Rhythms: DSL Provider Files Chapter 11
Aug 02 2001 05:21 PM PDT

Layoffs, Losses and Closures Continue in Telecom Sector
Aug 02 2001 12:00 PM PDT

PSINet Files for Chapter 11
Jun 01 2001 09:44 AM PDT

AT&T Closes Buy Of Northpoint Communications For $135 Million
May 25 2001 12:11 PM PDT

Chapter 11 and Layoffs for 2 DSL Providers
Jan 17 2001 11:36 AM PST

 PROFILE
Before it moved to shut down its operations in 2001, NorthPoint Communications Group helped speed the path of data from point A to point B. The company used digital subscriber line (DSL) technology to provide high-speed data transmission over existing copper phone lines. Customers such as ISPs and local phone companies resold the service, primarily to small and medium-sized businesses, in about 100 US metropolitan markets. Verizon agreed to buy a majority stake in the company in 2000, but the Baby Bell terminated the deal early the next year, citing a slump in NorthPoint's sales. After the Verizon deal came apart, NorthPoint filed for bankruptcy protection and sold nearly all of its assets to AT&T.

 DEALS
Deal: Verizon Takes Stake in NorthPoint
Date Announced: 08.08.00
Value of transaction (US $Mil): 800
Description: Telecommunications company buys 55 percent majority stake in digital-subscriber-line service provider.

Search all deals for this company

 TRACKERS
Mar. 28, 2001 - LAYOFF TRACKER
700 laid off
Description: See Flop Tracker.

Dec. 07, 2000 - LAYOFF TRACKER
248 laid off
Description: The company cites the termination of its merger agreement with Verizon as one of the main reasons for the layoffs.

More LAYOFF NEWS

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 21.10
1-Yr. Sales Growth: 2,244.4%
Employees: 1,090
Revenue per employee: $19,357.80

 CONTACT INFO
303 2nd St., South Tower
San Francisco, CA 94107
US
Phone: 415-403-4003
Fax: 415-403-4004
Online: Web Site

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