as nasdaq hcom industry communications services founded 1883 headquarters honolulu hi usa key people scott barber ceo products broadband internet services local wireline services television parent gte 1967 2000 verizon 2000 2005 the carlyle group 2005 2010 hawaiian telcom holdco 2010 present website www.hawaiiantel.com hawaiian telcom inc. is the incumbent local exchange carrier ilec or dominant local telephone company serving the state of hawaii . it is owned by hawaiian telcom holdco inc. which was formed in 2005 by the carlyle group following its purchase of the hawaiian assets of verizon communications . 1 hawaiian telcom provides a wide range of consumer business wholesale communications and technology services . service offerings include local phone long distance internet services dsl and fiber optics and television service ; 2 along with wireless service such as a mobile virtual network operator using leased capacity provided by sprint and verizon wireless s cdma networks on the consumer side . hawaii operations of verizon wireless were not included in the 2004 sale to the carlyle group and verizon wireless continues to operate in hawaii as before the divestiture . among the company s business offerings are a full range of internet protocol services ip including ethernet high bandwidth data services managed services and cloud based services . 3 contents 1 history 2 recent ownership 3 bankruptcy 4 cable franchise 5 see also 6 references history edit hawaiian telcom was founded in 1883 4 as the mutual telephone company chartered under the kingdom of hawaii . an original owner was archibald scott cleghorn father of princess ka iulani . 1 it was the second telephone company chartered in hawaii after the hawaiian bell telephone company in 1880 . 5 mutual took over hawaiian bell in 1894 . 1 with the acquisition of the phone service of the hawaiian pineapple company on the island of lana i mutual owned the phone system of the hawaiian islands . mutual changed its name to hawaiian telephone company in 1954 . 1 in 1967 connecticut based gte corp. acquired hawaiian telephone and renamed it gte hawaiian tel. after the 2000 merger of gte with new york based bell atlantic forming verizon communications gte hawaiian tel became verizon hawaii . 1 original company stock certificate a hawaiian telcom facility in kailua kona hi usa recent ownership edit in 2004 verizon communications finalized a deal to sell verizon hawaii to the washington d.c. based investment firm the carlyle group . at the time carlyle s purchase of verizon hawaii was quite controversial with the public and competitive local exchange carriers time warner telecom and pacific lightnet who had doubts about the carlyle s lack of experience operating telecommunication businesses and their intentions as to raising rates upgrading the network with optical fiber as former parent verizon was doing on the mainland and possible resale of the business in just a few years all seen as being detrimental to the public interest . 6 upon disconnecting from verizon s back office systems in april 2005 the company experienced difficulties transitioning to its own systems . issues ranged from extremely long hold times to speak to representatives to duplicate and delayed bills . in february 2007 the company announced that it had reached a settlement with its original systems consultant bearingpoint and had hired a new contractor accenture to complete the transition to the new systems . 7 hawaiian telcom announced on february 4 2008 that it was replacing ceo michael ruley with turnaround expert stephen f. cooper chairman of kroll zolfo cooper . cooper s previous management engagements include enron and krispy kreme . 8 on may 8 2008 the company named eric yeaman as its new ceo succeeding interim ceo cooper . yeaman previously served as chief operating officer of hawaiian electric company the electric utility serving the island of oahu . the company also announced that walter dods former president of first hawaiian bank and one of several local investors in hawaiian telcom was assuming the role of chairman of the board . 9 bankruptcy edit on december 1 2008 the company filed for chapter 11 bankruptcy after missing an interest payment on its debt . 10 with the bankruptcy the carlyle group s ownership had been reduced to a small stake . in november 2009 cerberus capital management announced to the bankruptcy court that it had acquired 7.6 million of hawaiian telcom s debt . 11 the company s plan to reduce its debt by more than 800 million was approved by judge lloyd king of the u.s. bankruptcy court on november 13 2009 . the plan required approval by the hawaii public utilities commission . 12 after leaving bankruptcy the company s stock became publicly traded in 2010 moving to nasdaq in 2011 . 13 14 cable franchise edit on june 24 2011 the state of hawaii department of commerce and consumer affairs issued a 15 year cable franchise license to hawaiian telcom thus ending oceanic time warner s 35 year monopoly as the state s sole cable tv provider . 15 hawaiian telcom launched the service on july 1 2011 after a year of testing in the honolulu area . 16 island wide service began in 2012 . see also edit list of united states telephone companies references edit a b c d e sokei debbie ; hao sean 2004 05 22 . local verizon workers optimistic . the honolulu advertiser . retrieved 2014 12 28 . hawaiian telcom gets a license for cable tv . honolulu star advertiser . creamer beverly january 2012 . hawaii business ceo of the year eric yeaman . hawaii business magazine . retrieved 2014 12 28 . about hawaiian telcom . retrieved december 28 2014 . number please . ho okuleana . march 10 2013 . retrieved december 28 2014 . martin dan 2004 10 06 . union supports verizon suitor . honolulu star bulletin . retrieved 2004 10 10 . wu nina 2007 02 09 . hawaiian telcom hires new help . honolulu star bulletin . retrieved 2007 02 09 . consillio kristen 2008 02 05 . hawaiian telcom ousts ceo . honolulu star bulletin . retrieved 2008 02 05 . heco executive named president of hawaiian telcom . pacific business news . 2008 05 08 . retrieved 2008 05 08 . carlyle s hawaiian telecom bet goes belly up . washington post . 2008 12 01 . retrieved 2008 12 02 . firm buys 7.6 m stake in hawtel cerberus presence in isles found in such hotels as mauna kea royal hawaiian . mcclatchy tribune information services . 2009 11 21 . access date requires url help hawaiian telcom s 460m reorganization gets ok . honolulu advertiser . 2009 11 14 . retrieved 2009 11 20 . sophie cocke december 27 2010 . hawaiian telcom starts trading stock . retrieved december 11 2011 . hawaiian telcom common stock begins trading on nasdaq under ticker symbol hcom press release . 2011 07 05 . retrieved 2011 12 12 . hawaiian telcom gets a license for cable tv from honolulu star advertiser june 25 2011 hawaiian telcom tv kicks off around oahu from honolulu star advertiser july 2 2011 v t e united states landline telephone companies alaska communications at & t centurylink cincinnati bell claro puerto rico earthlink emery telcom fairpoint communications frontier communications gci gta teleguam hawaiian telcom tds telecom verizon communications windstream communications v t e united states wireless communications service providers national at & t mobility sprint corporation t mobile us verizon wireless public regional atlantic tele network gci u.s. cellular private regional c spire wireless cellcom cellular one claro puerto rico gta teleguam iconnect indigo wireless iwireless open mobile united wireless west central wireless mvnos virtual list of united states mobile virtual network operators defunct defunct virtual operators advanced mobile phone service airtouch alaska communications alltel at & t wireless services cincinnati bell dobson cellular edge wireless element mobile first cellular of southern illinois houston cellular midwest wireless nep wireless nextel communications northcoast pcs ntelos pocket communications powertel primeco revol wireless rural cellular suncom unicel upoc networks western wireless corporation v t e the carlyle group william e. conway jr. daniel a. d aniello david rubenstein aerospace defense arinc combined systems dhs technologies sequa wesco aircraft transportation allison transmission diversified machine inc. hertz metaldyne trenstar united components united road towing consumer retail alliance boots american achievement corporation arabela babela s kitchen britax childcare cvc chimney china pacific life insurance dio coffee ellassay hao yue itour kaiyuan mattress giant moncler natural beauty neworld nbty orizonia philosophy targus xtep yashili energy power 4gas bottle rock power cdm max cdm resource management cnaa china recycling energy group coastal carolina clean power cobalt international energy collingwood ethanol ensus foresight reserves green earth fuels honghua hudson products international logging kinder morgan legend natural gas ii legend natural gas iii moreno group niska gas storage permian tank & manufacturing phoenix exploration company quorum business solutions red technology alliance stallion oilfield services targe energy titan specialties topaz power group vantage energy voice construction financial services butterfield bankunited boston private fn stars repco home finance ta chong bank healthcare acufocus alliance boots bioreliance cellutions claris lifesciences concord medical service convatec escreen forba hcr manor care healthscope lifecare hospitals marle medical park multiplan neovista pixeloptics proteus biomedical qualicaps industrial anxin flooring az electronic materials avanstrate china agritech china forestry holdings cpic fiberglass coates comark general lighting goodman h.c. starck hd supply hawkeye international aluminum corporation john maneely company kito rhi otor pq corporation rising sun bio sinorgchem specialty manufacturing tvk shipyard taylor wharton international veyance technologies wastequip infrastructure connecticut service plazas its technologies & logistics illinois central school bus synagro real estate b & b hotels technical and business services acis az electronic materials air2web allsec technologies apollo global applied systems applus archive systems arsys authentix bigmouthmedia booz allen hamilton broadleaf cpu technology offshore incorporations catapult learning cellutions centrata sunco command information companeo compudyne covalent orienwise ebis elitecore escreen flexcom freescale semiconductor gemcom great offshore hdfc huaya microelectronics infomax kcs.net lpl financial ness newgen nineyou nitride semiconductor open solutions openlink financial panasas personal & informatik proteus biomedical quorum business solutions revshare rmi rhythm newmedia ss & c technologies schoolnet solsoft supercircuits topia talaris tradebeam trenstar uc4 software viator zcom telecom media actelis networks bigmouthmedia com hem commscope eastern broadcasting company focus media hawaiian telcom healthcentral hyundai communications & network kbro the mill nielsen numericable revshare v t e cerberus capital management banks bawag p.s.k. albertsons acme markets albertsons amigos carrs haggen jewel osco lucky market street pavilions randalls safeway shaw s and star market super saver tom thumb united supermarkets vons freedom group advanced armament corporation barnes bullets bushmaster firearms international dakota arms dpms panther arms h & r firearms marlin mountain khakis para usa parker gunmakers remington arms tapco yp holdings yp connecticut information services yp midwest publishing yp southeast advertising & publishing yp texas region yellow pages yp western directory yellowpages.com other blue bird corporation bluelinx holdings dyncorp hawaiian telcom silverleaf resorts spyglass entertainment steward health care system tower international v t e spinoffs of american telephone & telegraph company first generation 1929 graybar electric company 1956 northern electric via western electric 1975 bell canada 1984 divestiture ameritech bell atlantic bell communications research bellsouth nynex pacific telesis southwestern bell corporation us west 1991 1993 unix system laboratories 1996 lucent technologies ncr 1997 at & t submarine systems sold to tyco international 2001 at & t wireless services 2003 at & t broadband second generation spinoffs lucent technologies advanced american telephones 2000 avaya 2000 qlt consumer lease services 2000 agere systems 2002 mediaone group f k a us west u s west 1998 ncr teradata 2007 pacific telesis airtouch 1994 qwest dex media 2002 regional bells telcordia technologies 1997 sbc communications at & t r.h. donnelley publishing and advertising of illinois 2004 yp holdings 2012 southern new england telephone 2014 verizon communications hawaiian telcom 2005 idearc 2006 northern new england spinco 2008 new communications holdings