So There Will Be No Covad Wireless

TelePacific, a Los Angeles-based business CLEC is buying Covad Wireless, from its owner, NextWeb, which in turn is owned by MegaPath. Covad acquired NextWeb in 2005 for about $28 million. TelePacific gets 3,500 profitable broadband fixed wireless business customers in California, Nevada and suburban Chicago.…

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Best Buy Admits Defeat, Gets Rid of Speakeasy

Best Buy will merge its Speakeasy DSL business with Covad and Megapath, creating a managed service local exchange carrier, and sounding the death knell for independent DSL providers. It'll get a minority stake in the combined company, which to me is a euphemism for fire sale.…

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