Kevin, we may want to look at NPLS, as a similar play to HSAC...recent IPO, June 30th...has not really run up yet...Goldman Sachs lead underwriter...quiet period ending in a couple of weeks....What do you think?
A network-based communications provider offering broadband data and telecommunications
services.
Company Description
Network Plus is a network-based communications provider offering broadband data and
telecommunications services. Our bundled product offerings include local and long distance
services, as well as enhanced, high-speed data and Internet services, primarily utilizing digital
subscriber line, or DSL, technology. Since 1990, we have targeted small and medium-sized
business customers located in major markets in the northeastern and southeastern regions of the
United States. As of May 15, 1999, we served approximately 40,000 customers representing in
excess of 200,000 access lines. We had total revenue of $105.5 million in 1998 and $33.6 million
in the first quarter of 1999, substantially all of which was attributable to the sale of long distance
services. We commenced offering local services in September 1998 and DSL services in May
1999.
We believe that our recent introduction of local and DSL services and the continuing expansion
of our network enable us to cross-sell services to our existing customer base, acquire new
customers and improve overall margins.....
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