Mpower Buys ICG Calif. Assets

Mpower Communications finalizes acquisition of ICG's California business and fiber network

January 3, 2005

1 Min Read

ROCHESTER, N.Y. -- Mpower Holding Corporation (AMEX:MPE), the parent company of Mpower Communications Corp., a leading provider of broadband Internet access and telephone services to business customers, today announced that it has finalized the acquisition of ICG Communications, Inc.'s California customer base and network assets.

   Mpower has acquired ICG's California retail and wholesale customer segments, its statewide self-healing SONET fiber network with fully-survivable metropolitan fiber rings in six major metropolitan markets, and 128 on-net fiber-lit commercial buildings.

   "We fully expect the addition of a wholesale customer base and sales motion and the expansion of our product portfolio with private line and IP Hosted PBX will further accelerate Mpower's organic growth capabilities," stated Mpower Chairman and Chief Executive Officer Rolla P. Huff. "In addition, with a statewide SONET fiber network complementing our existing deep and dense network of switches and collocation facilities, we believe Mpower now has the most extensive facilities-based CLEC network in California. As a result, we believe Mpower is one of the few CLECs positioned to generate cash by layering revenue streams onto our network. Given the current regulatory environment, we are taking a disciplined approach to pursuing additional value creation opportunities by partnering with ISPs, IXCs and other CLECs."

Mpower Communications

ICG Communications Inc.

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