Telscape Communications, Inc., a leading competitive local exchange
carrier (CLEC), today announced that it has received final regulatory
approval and completed the acquisition of Sage Telecom, Inc. (Sage) from
Silver Point Capital. Financial terms were not disclosed.
Sage is one of the nations largest CLECs focused on residential and
small business customers in suburban and rural communities. The
privately-held company serves customers across 12 states and is known
for its cost-effective local, long distance and internet services,
simple and easy-to-understand calling plans and high-quality customer
service. Sage is also recognized for its outstanding customer benefits
such as free Sage-to-Sage customer long distance calling, refer-a-friend
monthly fee credits, holiday discounts and Select Services for its best
The acquisition of Sage is an important strategic step for Telscape as
we now have immediate access to a broader marketplace for our
diversified service offerings and to the operational expertise and
innovative capabilities of Sage and its employees, said Nathan R.
Johnson, Chairman of the Board for Telscape. Together we expect to gain
increased operating leverage, profitability and growth in our business
Sage will continue to provide its customers with friendly service and
competitive local, long distance and internet service plans from its
Richardson, Texas headquarters and service partner locations throughout
its operating territory.
Redwood Capital based in New York, NY served as the exclusive financial
advisor to Telscape Communications, Inc. regarding both the merger and
About Telscape Communications, Inc.
Telscape Communications, Inc. (Telscape) was founded in 1999 as a
facilities-based Competitive Local Exchange Carrier services provider
serving Hispanic American consumers throughout Southern California and
Nevada with concentrations of customers in Los Angeles, San Diego and
Las Vegas. Telscape offers local and long distance access, network
features, high speed internet and international calling services to
residential customers as well as wireless services and mobile data
through a Mobile Virtual Network Operator.
Headquartered in Los Angeles, California, Telscape is a privately-held
company. For more information on Telscape and its services, please visit www.telscape.net.