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Home > Company Index > Telecommunications > Internet & Online Service Providers > NorthPoint Communications Group, Inc.
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NorthPoint Communications Group, Inc. |
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NEWS FROM THE WIRES |
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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 |
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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 |
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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 |
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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 |
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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
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FINANCIAL OVERVIEW |
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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 |
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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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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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