Palo Alto, Calif, June 20, 2016 – Odyssey Telecorp Inc. announced today that Tower Cloud has reached a definitive agreement to be acquired by Communications Sales & Leasing Inc. (NASDAQ: CSAL). Tower Cloud, which was founded by Odyssey in 2006, builds and operates high-capacity broadband transport networks in the southeast U.S. It was a pioneer in… Read more »
Category: News
NEWS
PT Access Networks to Sell 269 Wireless Attachment Leases to Vertical Bridge Holdings
ST. PETERSBURG, Fla., Aug. 27, 2014 –PT Access Networks announced today that it sold 269 wireless attachment leases in the southeast United States to Vertical Bridge Holdings LLC. Under terms of the agreement, PT Access Networks—which is jointly owned by OT Holdings LLC, (an affiliate of Odyssey Telecorp Inc.) and Progress Energy—will transfer to Vertical… Read more »
Odyssey Telecorp Forms Peak Tower LLC to Build Wireless Communications Towers for Major Wireless Carriers
ST. PETERSBURG, Fla., Feb. 26, 2010 – Peak Tower Investors LLC (PTI), an independent investment vehicle established by the senior executives of Odyssey Telecorp Inc., today announced the formation of Peak Tower LLC, a new company dedicated to building communications towers for major wireless carriers. The new company initially will focus on constructing towers in… Read more »
PT Access Networks Sells 18 Wireless Communications Towers to Global Tower Partners for $14.2 Million
ST. PETERSBURG, Fla., Feb. 28, 2007 – PT Access Networks announced today that it has sold 18 wireless communications towers to Global Tower Partners, an industry-leading tower operator. The purchase price was $14.2 million in cash plus undisclosed contingent payments tied to near-term objectives. The 18 towers include long-term ground leases in all 18 locations… Read more »
Odyssey Launches Tower Cloud LLC To Offer Tower Backhaul Solutions to Wireless Carriers
PALO ALTO, June. 10, 2006 – Odyssey Telecorp. Inc. announced today that it has formed Tower Cloud LLC, a new company that will offer tower backhaul solutions to wireless carriers. The transport of data from wireless communication towers to the carrier networks, known as “backhaul,” is considered by many experts to be the weakest link… Read more »
Progress Energy and Odyssey Form PT Holding Company to Operate Wireless Infrastructure Business
PALO ALTO, Jan. 26, 2006 – Odyssey Telecorp Inc. and Progress Energy today announced the formation of PT Holding Company LLC. The new company has been formed to consolidate the cell tower and wireless attachment businesses formerly operated by Progress Telecom. Progress Telecom’s fiber-optic network division was sold to Level 3 Communications Inc. The new… Read more »
Level 3 Communications to Acquire Progress Telecom from Odyssey Telecorp and Progress Energy for $175 Million
ST. PETERSBURG, Fla., Jan. 26, 2006 – Progress Telecom announced today the sale of its fiber-optic network in the southeast United States to Level 3 Communications Inc. (Nasdaq:LVLT). for approximately $175 million in cash and stock. Progress Telecom, formed just over two years ago through the merger of EPIK Communications and Progress Telecom, was jointly… Read more »
EPIK Communications Announces Merger with Progress Telecom, Expanding Fiber-Optic Network in Southeast U.S.
ORLANDO, Nov 3, 2003 – EPIK Communications announced today that it is merging its business with Progress Telecom to create a new wholesale telecommunications company that will be the second-largest fiber-optic network in the southeast United States. The new company, which will retain the Progress Telecom name, will be 55 percent owned by Progress Telecom’s… Read more »
Odyssey Telecorp Acquires Fiber Network Provider EPIK Communications Inc. from Florida East Coast Industries
PALO ALTO, Dec 3, 2002 – Odyssey Telecorp Inc. said today it has acquired EPIK Communications Inc., a wholesale telecommunications provider operating in the southeast United States, from Florida East Coast Industries Inc. (FECI). EPIK operates a 1,850-route-mile fiber network in Florida and Georgia that was built at a cost of approximately $375 million. Odyssey,… Read more »