Integra Telecom

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Integra
Privately Held
Industry Telecom Service - Domestic
Founded 1996
Headquarters Vancouver, Washington
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Key people
 Bob Guth, CEO
Products Data Networking and Internet
Managed and Cloud Services
Voice Communications
Colocation and Equipment
Business Bundles
Revenue $594.4 million (2012)
Number of employees
 1,800
Website www.integratelecom.com

Integra is a privately owned provider of fiber-based, carrier-grade networking, communications and technology solutions, headquartered in Vancouver, Washington, United States. Founded in 1996, the company is a facilities-based providers of communication and networking services and serves 35 metropolitan markets across nine states.[1] While the company has expanded to serve large enterprise customers, Integra continues to serve small and medium-sized businesses.[2] As of 2012, the privately held company had annual revenues of $594.4 million with approximately 2,300 employees company-wide.[3]

History

The company was founded in 1996 through the acquisition of OGI Telecomm,[4] a shared tenant provider formed in 1984 to provide voice and data services to the Oregon Graduate Institute (then based in unincorporated Washington County) and businesses in the AmberGlen Business Park, a nearby office park. The company became Integra Telecom in 1998.[5]

By the year 2000 Integra had grown to annual revenues of $42 million, and grown to around $150 million in 2005.[6] Integra Telecom doubled in size through the acquisition of Electric Lightwave (ELI) from Citizens Communications (later renamed Frontier Communications) in 2006,[4] and in 2007 acquired Eschelon Telecom, which again doubled the size of the company.[7] ELI was purchased for $243 million in cash as well as an assumption of $4 million in debt in a deal that closed on August 1, 2006.[8] The Eschelon purchase was for $566 million in cash and $144 million in assumed debt.[7]

In 2007, Integra had 1,100 employees and annual revenues of $340 million before their purchase of Eschelon.[7] That year they moved part of their operations into the 20-story Lloyd Center Tower in Portland's Lloyd District on the city's eastside.[9] This is near their headquarters at the 1201 Lloyd Building.[9] By 2009 the company had grown to annual revenues of more than $680 million and employed more than 550 people at their headquarters and 2,300 people across the company.[10] In 2009, the company brought in new investors to reduce its debt load by approximately $600 million.[6][11] Integra accumulated much of the debt due to its earlier acquisitions, and faced the possibility of bankruptcy due to breaching covenants in its loan agreements.[6]

In 2011, Kevin O'Hara became the third chief executive officer of the company that year when he was named to replace Tom Casey in December.[12] Since then, Integra has marked a return to financial stability along with substantial growth for the company’s network assets Ethernet-based product portfolio and service offerings.[3] By the end of 2012, Integra had expanded its enterprise and wholesale customer base, contributing to an increasingly diversified customer and revenue mix.[3] Integra also renamed its Electric Lightwave subsidiary to Integra Wholesale to reflect its longstanding integration into Integra's business.[13] The company also announced the completed acquisition of equity interests previously held by Goldman, Sachs & Co., Integra’s largest shareholder, by investment funds affiliated with Searchlight Capital Partners, L.P. (collectively, “Searchlight”).[14]

In 2013, Integra closed a new $845 million senior secured credit facilities, including a $60 million revolving credit facility (undrawn at closing), a $585 million first lien term loan due 2019 and a $200 million second lien term loan due 2020.[15] The net proceeds from the new credit facilities were used to refinance Integra’s previously outstanding term loan and bonds, and for general corporate purposes.[15] To better align with its expanded market focus, Integra re-branded in February 2013 and introduced a new company logo and tagline, “Technology You Trust. People You Know.”[5] In 2014, the company moved its headquarters from Portland to neighboring Vancouver, Washington.[16][17]

Products and services

File:LloydCenterTower.jpg
The Lloyd Center Tower, location of part of the company's operations

Integra owns and operates a fiber optic network consisting of a 5,000-mile long-haul fiber-optic network, 3,000 miles of metropolitan fiber and a nationwide IP/MPLS network. Additionally, the company offers data networking and high-speed Internet, managed and cloud services, voice communications, colocation and equipment and business bundles to small-to-medium businesses as well as large enterprises in 35 metropolitan markets including cities in Arizona, California, Colorado, Idaho, Minnesota, North Dakota, Oregon, Montana, Nevada, Utah and Washington.[18][19]

See also

References

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  4. ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
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  7. ↑ 7.0 7.1 7.2 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ 9.0 9.1 Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ 15.0 15.1 Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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