US LEC Merger Wins FCC Approval
Posted October 25, 2006 9:51 a.m. EDT
CHARLOTTE, N.C. — The Federal Communications Commission has signed off on the merger of PAETEC Communications and Charlotte-based
, a provider of telecommunications solutions across the South and Mid-Atlantic.
The companies announced their plans to merge in August.
The merged company will trade as a public firm under US LECs Nasdaq symbol (CLEC).
PAETEC is privately held.
The combined company will have revenues of more than $1 billion and offer service in 52 of the top 100 metropolitan service areas in the U.S.