Regulators have signed off on the Megapath-Covad-Speakeasy merger, the companies announced yesterday. Aiming to be an end-to-end “next-generation Managed Services Local Exchange Carrier,” the merged entity, under the Megapath name, can boast of having more than 85,000 business customers and more than 4,500 partners across North America.
“With the combination of MegaPath, Covad and Speakeasy, we are bringing to market a leading nationwide IP network to deliver a complete line of end-to-end managed services, including voice, data and security. Small, medium and large enterprises will now benefit from a new service provider that is willing to invest in advanced services, while remaining heavily focused on customer service,” said D. Craig Young, chairman and CEO.
A private company, financial terms of the merger were not disclosed.