Shared Technologies Inc. Announces Expanded Pennsylvania Service Area with Acquisition of New Customer Base
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COPPELL, Texas, July 16 /-- Shared Technologies Inc. (STI), a leading provider of converged voice and data communications solutions, announced today that it has completed a transaction with Commonwealth Communication, LLC, a Citizens Communications Company doing business under the Frontier Communications Solutions name, to immediately acquire portions of the customer base formerly owned and serviced by Commonwealth Telephone Enterprises Inc., of Wilkes-Barre, Pennsylvania. Commonwealth Telephone Enterprises was acquired by Citizens Communications in March, 2007.
The majority of the newly acquired customers own and operate Nortel equipment and are located in southeast Pennsylvania, as well as Harrisburg and surrounding areas. The transaction involves over 100 customers and approximately 150 customer sites. Already the largest independent distributor of Nortel products in the United States, STI will continue to expand its national footprint and capabilities with this acquisition.
"Shared Technologies is excited to finalize this transaction which gives us an excellent opportunity to expand our already strong service footprint in the Philadelphia and Harrisburg metropolitan markets of Pennsylvania. This is a perfect fit for our company, and we are anxious to welcome this new group of customers to the Shared Technologies organization," said Tony Parella, president & CEO of Shared Technologies.
Frontier Communications Solutions will continue to operate the business in the Scranton/Wilkes-Barre and Lehigh Valley metropolitan areas.
About Shared Technologies Inc.
Founded in 1974, Shared Technologies is a leading provider of converged voice and data communications solutions. The Coppell, TX-based Shared Technologies is a $350M, privately held corporation serving the Fortune 1000 and customers throughout the U.S. in vertical markets such as finance, hospitality, education, and healthcare. Shared Technologies is a Nortel Elite Advantage Partner. For more information, visit http://www.sharedtechnologies.com/.
Contact:
Greg Bosworth
Shared Technologies Inc.
972-462-5880
Greg.bosworth@sharedtechnologies.com
Source: Shared Technologies Inc.
Web site: http://www.sharedtechnologies.com/
