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Home > Company Index > Telecommunications > Local Telecom & Private Transmission Services > Mpower Holding Corporation

Mpower Holding Corporation
Nasdaq: MPWR
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 NEWS FROM THE WIRES
Mpower taps Rothschild to assist in lawsuit
Aug 23 2001 01:50 PM PDT

ANALYSIS-Telecoms deal with debt by just getting rid of it
Aug 10 2001 01:08 PM PDT

Mpower posts second-quarter loss
Aug 09 2001 04:50 AM PDT

Bondholder sues Mpower, tests new legal ground
Aug 02 2001 01:30 PM PDT

Creditor Fir Tree files suit against Mpower-- lawyers
Aug 01 2001 06:46 PM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
Telecom Bondholders Get Pushy
Aug 03 2001 01:42 PM PDT

Mpower to Cut 13% of Workforce, Shut Down Operations in 12 Markets
May 18 2001 09:39 AM PDT

 PROFILE
Mpower Holding, through its Mpower Communications unit, would like to be a powerful force in local telecom services markets in the US. The facilities-based CLEC (competitive local-exchange carrier) provides local and long-distance phone service and Internet access to small and medium-size business customers. It specializes in providing DSL (digital subscriber line) service and was an early adopter of voice-over-DSL as an alternative to T1 lines. But like other CLECs, Mpower faces tough competition, and in 2001 it announced plans to exit several markets and to cut more than 10% of its workforce. That year Mpower Communications adopted a holding company structure and became Mpower Holding.

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

 DEALS
Deal: Guardian, mPower Partner for Online Offering
Date Announced: 05.17.01
Value of transaction (US $Mil): Not Disclosed
Description: Mutual life insurance company and online investment advisory service team up to offer clients Web-based information.

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 TRACKERS
May 18, 2001 - LAYOFF TRACKER
275 laid off
Description: Shutting down operations in 12 markets, including Milwaukee, San Jose, Calif., and St. Louis. Layoffs represent 13% of its total staff.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 146.90
1-Yr. Sales Growth: 166.6%
Employees: 2,100
Revenue per employee: $69,952.38

 KEY PEOPLE
• Rolla P. Huff
    CEO
• Michael R. Daley
    CFO

 CONTACT INFO
175 Sully's Trail, Ste. 300
Pittsford, NY 14534
US
Phone: 716-218-6550
Fax: 716-218-0881
Online: Web Site

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