DSL.net Inc., a nationwide provider of broadband communications services to businesses, has entered into a definitive agreement to acquire substantially all of the assets and subscribers of mid-Atlantic-based TalkingNets, a voice and data communications provider that offers softswitch-based voice and high-speed data services to businesses. The value of the deal was not disclosed.
“This acquisition represents a strategic milestone for DSL.net. It will fulfill our goal of layering a voice component onto our existing product offerings; and addresses an increasing demand among our business customers for a one-stop voice and data offering,” says David F. Struwas, chairman and CEO of DSL.net. “We believe this deal provides us with great value. It gives us a fully functional integrated voice and data platform that we can begin incorporating into our extensive data network. We expect that this acquisition – by expanding our product portfolio -- will give us the ability to further increase our revenue and improve our margins.”
Following on the heels of the recent acquisition of network assets and related subscriber lines from Network Access Solutions Corp. (NAS), the TalkingNets transaction is expected to allow DSL.net to “allow us to further leverage our expanded network infrastructure and footprint in the business-intensive mid-Atlantic and Northeast regions with a powerful integrated communications offering for our established customer base,” says Struwas.
TalkingNets offers dedicated T1 broadband line with unlimited local calling, caller ID, voice mail and long-distance services. TalkingNets currently has business customers in Virginia, Maryland and Washington, D.C.
