Monday, February 11, 2008

What Happened to Z-Tel?

Z-Tel was a UNE-P CLEC based in Tampa that re-named into Trinsic, then filed for BK. In the fire sale, Platinum Equity (the billionaire that owns Covad now as well) bought them. PE also owns Matrix Telecom. And not one peep since th epurchase, until today: "COMPTEL Welcomes Matrix Telecom".

Matrix Telecom, Inc., operating as Matrix Business Technologies and Trinsic Powered by Matrix, is an integrated telecommunications provider serving consumers and small and medium size businesses nationwide. Matrix is licensed as a facilities-based CLEC and Long Distance Provider in 49 states plus DC. It has 230 employees with headquarters in Dallas and operations in Rochester, N.Y., Atmore, Ala. and Tampa, Fla.
Matrix is owned by Platinum Equity, a firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, industrials, logistics, manufacturing, and entertainment distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed more than 70 acquisitions with more than $16 billion in aggregate annual revenue at the time of acquisition.

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