EarthLink, Inc. (ELNK) Moves to Acquire One Comm, Adjusts Quarterly Dividend Rate
EarthLink, www.earthlink.net – the widely-known IP infrastructure and services provider, reported a definitive merger agreement to acquire integrated telecom firm, One Communications Corp. ("One Comm"), for $370M. Chairman and CEO of ELNK, Rolla P. Huff, called the acquisition a dominant play which scoops up the infrastructure of One Comm, a dominant force in the market across much of the Eastern US and integrates it into the newly formed EarthLink Business division. The merger, which was approved by the Board of Directors of each company, as well as One Comm’s stockholders, puts ELNK in control of a massive nationwide IP network…