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Splitrock Services Inc

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BUSINESS
January 8, 2000 | Bloomberg News
Regional phone company McLeodUSA Inc. agreed to buy Splitrock Services Inc. for nearly $2 billion in stock and debt to provide more Internet and data services and compete against SBC Communications Inc. The purchase will give McLeod a network that reaches 800 cities in all 50 states, allowing the company to offer nationwide data services for the first time. The Cedar Rapids, Iowa-based company will exchange 0.5347 share for each Splitrock share and assume about $150 million in debt.
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BUSINESS
January 8, 2000 | Bloomberg News
Regional phone company McLeodUSA Inc. agreed to buy Splitrock Services Inc. for nearly $2 billion in stock and debt to provide more Internet and data services and compete against SBC Communications Inc. The purchase will give McLeod a network that reaches 800 cities in all 50 states, allowing the company to offer nationwide data services for the first time. The Cedar Rapids, Iowa-based company will exchange 0.5347 share for each Splitrock share and assume about $150 million in debt.
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BUSINESS
October 10, 1997 | Bloomberg News
SplitRock Services Inc., which owns and is rebuilding Prodigy Inc.'s online network, said it ordered 50,000 modems from Bay Networks Inc. over rival products from Alameda-based Ascend Communications Inc. The purchase of Bay's 5399 remote-access concentrators is the first large order for the new Bay product, analysts said. Remote-access concentrators are used by Internet service providers to link hundreds of telephone callers to the global computer network.
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