| | Business Summary | | ICG
Communications,
Inc.
is
a
communications
service
provider
focused
on
supplying
Internet
communications
and
application
infrastructure
for
Internet
service
providers
(ISPs),
application
service
providers,
interexchange
carriers,
and
businesses
nationwide.
Through
multiple
acquisitions
and
sales,
ICG
evolved
from
a
satellite
communications
company
to
a
regional
competitive
access
provider,
offering
one
product,
to
a
nationwide
provider
of
both
voice
and
data
services.
In
1998,
ICG
purchased
Netcom,
a
nationwide
ISP.
In
early
1999,
ICG
sold
the
Netcom
customer
base
but
retained
the
data
network,
which
includes
227
points
of
presence
and
serves
approximately
700
cities
nationwide.
Also
in
1999,
ICG
sold
its
Satellite
Services
and
Fiber
Optic
Technologies
divisions
in
order
to
focus
on
its
role
as
an
Internet
enabler.
In
November
2000,
the
Company
and
certain
subsidiaries
filed
voluntary
petitions
for
Chapter
11
protection
with
the
U.S.
Bankruptcy
Court
for
the
District
of
Delaware. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | ICGXQ
is
a
facilities-based
communications
provider
and,
based
on
revenue
and
customer
lines
in
service,
one
of
the
largest
non-incumbent
competitive
communications
companies
in
the
U.S.
For
the
fiscal
year
ended
12/31/00,
revenues
rose
25%
to
$598.3
million.
Net
loss
from
continuing
opts.
before
extraordinary
item
and
acct.
change
applicable
to
Common
totaled
$2.81
billion,
up
from
$466.5
million.
Results
reflect
increased
local
access
lines,
offset
by
preferred
stock
conversion
charges. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Randall Curran | CEO | | William Laggett, 70 | Vice
Chairman | | Rich Fish | Exec.
VP, CFO | | Pamela Jacobson, 42 | Exec.
VP of Sales and Marketing | | Michael Kallet, 46 | Exec.
VP of Operations and Pres, Products and Technology |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
