Comcast Completes Acquisition of Long Distance Carrier GlobalCom
WAYNE, Pa., Jan. 20 /PRNewswire/ -- Comcast Corporation (Nasdaq: CMCSA - news, CMCSK -
news) today announced it had completed the acquisition of GlobalCom Telecommunications, Inc., a
regional based long distance provider. The carrier will operate as Comcast Telecommunications
and will manage Comcast's other telecommunications products and services. Comcast
Telecommunications will offer customers a complete package of telecommunications solutions,
including long distance service, business telephone equipment, digital and analog cellular, paging,
wireless data, private communications networks, and Comcast Commercial Internet Service, which
provides businesses with high-speed access to the Internet via cable modem technology.
According to David N. Watson, president of Comcast Cellular Communications, Inc., the
acquisition of GlobalCom will complement the company's efforts to provide customers with a
broad range of communications services such as local, long distance, calling card, and private line
services.
''Many of our business customers have told us that having long distance as part of a total package
of communications solutions from Comcast would add tremendously to their productivity and
efficiency,'' Watson said.
Comcast Telecommunications is headquartered in Bala Cynwyd and, according to its president,
Nate Cohen, ''offers customers much more than just a cost-effective alternative to AT&T, MCI and
Sprint.''
''We've become a leader in the telecommunications industry as a result of our commitment to
providing our customer with excellent service and the latest in technology. Being a part of Comcast
further strengthens this commitment,'' Cohen said.
Comcast Telecommunications, Inc., a subsidiary of Comcast Corporation, is headquartered in Bala
Cynwyd, PA. The company's presence extends beyond the Philadelphia region to many markets
throughout the United States. The company is known for providing medium and large-sized
businesses with sophisticated telecommunications solutions.
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