The buyout of Pactel
follows the November 2012 acquisition of Australian Satellite Communications and the January 2013 buyout of Netherlands-based Elektrikom Satellite Service.
Country: AustraliaSector: TelecommunicationsTarget: Pactel
International Pty LtdBuyer: TA Associates Inc, SpeedCast Ltd Type: Corporate acquisition, LBOStatus: Closed
, one of the original Baby Bells created in the 1983 breakup of AT&T, was acquired by another Baby Bell spinoff, SBC Communications, in 1997; SBC, then coming full circle, acquired AT&T Corp.
the portion of the PacTel
stock equal in value to the value of the Pacific Purchased Stock).
All the while, Barnes maintained contact with Reid, keeping him abreast of his promotions within PacTel
Kelley's not the only one, says Mark Thierman, the lawyer representing Kelley and 1,468 other downsized PacTel
employees in a $1.
initially priced its ISDN service to be nearly equivalent to two POTS lines.
One senior PacTel
executive put it this way: "It will be survival of the fittest.
Similarly to John Hancock's experience, PacTel
Vice President Ronald Stowe charged that the pioneers could end up with a 30 percent discount because their price will be based on an average that excludes the values of the markets granted to the pioneers, which are among the nation's largest.
Douglas noted that two major advertisers on the Bee's Beeline service - Jenny Craig Weight Loss Centers and Pactel
Cellular - dropped out after aggressive advertising campaigns "because they couldn't link gains to audiotex.
In 1985 Pat Terrell sold that business to PacTel
Information Systems, and PacTel
has since sold it to Computerland.