Advertisement
YOU ARE HERE: LAT HomeCollectionsResurgens Communications Group Inc
IN THE NEWS

Resurgens Communications Group Inc

FEATURED ARTICLES
BUSINESS
January 26, 1993
Resurgens Communications Group Inc., a long-distance telecommunications company whose units include Westlake Village-based Com Systems Inc., said it has definitively agreed to be acquired by Metromedia Communications Corp. The purchase price was not disclosed. The companies had signed a tentative merger pact in October. Metromedia Communications is a long-distance unit of Metromedia Co., a privately held concern based in East Rutherford, N. Y., that's controlled by billionaire John Kluge.
ARTICLES BY DATE
BUSINESS
January 26, 1993
Resurgens Communications Group Inc., a long-distance telecommunications company whose units include Westlake Village-based Com Systems Inc., said it has definitively agreed to be acquired by Metromedia Communications Corp. The purchase price was not disclosed. The companies had signed a tentative merger pact in October. Metromedia Communications is a long-distance unit of Metromedia Co., a privately held concern based in East Rutherford, N. Y., that's controlled by billionaire John Kluge.
Advertisement
BUSINESS
September 1, 1992
Com Systems Inc., a Westlake Village long-distance telephone company, has agreed to provide operator-assisted long-distance services to about 2,400 pay telephones owned by Southern California Payphone in Van Nuys. Com Systems' parent, Resurgens Communications Group Inc. of Atlanta, Ga., estimated the value of the contract to be more than $2 million a year.
BUSINESS
May 14, 1991
Com Systems Inc., a Westlake Village long-distance telephone company, reported a profit of $547,000 in the first quarter that ended March 31, compared to a loss of $942,000 a year earlier. Revenues in the latest quarter jumped 22% to $32.8 million from $26.9 million. The company attributed the turnaround to cost-cutting. Com Systems last month agreed to merge with Resurgens Communications Group Inc., an Atlanta telecommunications company that owns a controlling interest in Com Systems.
BUSINESS
July 9, 1991
Com Systems Inc., a Westlake Village long-distance telephone company, said it completed the sale of "a substantial portion" of its billing and collection unit, Operator Assistance Network, to Electronic Data Systems, a Dallas-based subsidiary of General Motors. The sale was closed on June 28, Com Systems said. Terms were not disclosed. Com Systems said Operator Assistance would continue to handle its billing and collection operations.
BUSINESS
April 30, 1991
Com Systems Inc., a struggling Westlake Village long-distance telephone company, said it has agreed to merge with Resurgens Communications Group Inc., an Atlanta telecommunications company that owns a controlling interest in Com Systems. The merger, which is expected to close by Aug. 31, will take the form of a stock swap, with each share of Com Systems common stock converted into .70 shares of Resurgens common stock. The merger is subject to a definitive agreement between the two companies and other conditions.
BUSINESS
October 13, 1992 | JACK SEARLES
Com Systems, a Westlake Village provider of long-distance telephone services, has launched a new plan, Century, which the company claims offers savings to small and medium-sized businesses. Under the plan, long-distance calls placed at any time to any points within the continental United States are billed at a single flat rate of 14 3/4 cents per minute.
BUSINESS
June 9, 1992 | JACK SEARLES
Com Systems, a Westlake Village provider of long-distance telephone services, has reached a three-year agreement to handle long-distance calls for 1,000 privately owned pay telephones in Nevada. The deal with Custom Communications Network Inc. of Las Vegas could be worth more than $25 million in new business over the length of the contract, said Mark Freter, Com Systems' marketing communications manager.
BUSINESS
August 15, 1995 | From Associated Press
Billionaire John Kluge announced plans Monday to sell his entire stake in WorldCom Inc., depressing the stock price of the nation's fourth-largest telephone company. Kluge owns about 30.9 million shares, or 16.3%, of the Jackson, Miss.-based phone company through his Metromedia Co. and is its chairman as well as its biggest shareholder. His stake was valued at about $930 million, based on Friday's closing share price of $30.125. The stock's 52-week high was $32.
BUSINESS
March 26, 1991 | PATRICE APODACA, TIMES STAFF WRITER
An Atlanta telecommunications company has agreed to purchase a controlling interest in Com Systems Inc., a Westlake long-distance telephone company, from a Swiss concern for $30 million. Resurgens Communications Group Inc. last week said it agreed in principle to acquire the Com Systems stake from OmniCorp International B.V., the merchant banking and investment arm of Omni Holding AG, a Swiss industrial and financial services concern.
Los Angeles Times Articles
|