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Home > Company Index > Telecommunications > Long Distance Carriers > VarTec Telecom, Inc.

VarTec Telecom, Inc.
 PROFILE
Actors and comedians employed promoting 10-10 calling plans can thank VarTec Telecom, a leading provider of "dial-around" long-distance service, which helped pioneer the calling method. VarTec provides residential and business calling plans, as well as Internet access and 800-number service. The company was founded in 1989 by president Joe Mitchell and his wife, EVP Connie Mitchell, along with EVP Ray Atkinson. Holding company Telephone Electronics Corp. owns a majority stake in VarTec, which has agreed to merge with business telecom services reseller Lightyear Communications and has entered into merger talks with Dallas-based long-distance retailer Excel Communications.

 COMPETITION
AT&T Corp. (T)
Sprint FON Group (FON)
WorldCom, Inc. (dossier)

 DEALS
Deal: Lightyear Communications Merges With VarTec Telecom
Date Announced: 02.09.01
Value of transaction (US $Mil): 0
Description: Telecom provider merges with peer for an undisclosed amount.

Search all deals for this company

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,020.00
1-Yr. Sales Growth: 6.4%
Employees: 2,238
Revenue per employee: $455,764.08

 KEY PEOPLE
• Sherman Henderson
    CEO
• Gary Egger
    CFO

 CONTACT INFO
1600 Viceroy Dr.
Dallas, TX 75235
US
Phone: 214-424-1000
Fax: 214-424-1555
Online: Web Site

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