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Mark Donahue Mark Donahue is an associate editor for Telephony magazine. Previously, he worked in The Associated Press’ Chicago bureau, as well as two trade publications. He graduated from...more

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Telesphere Closes Additional Funding, Totals $32 Million Over Two-Year Period

PHOENIX and DENVER (OCTOBER 7, 2009) Telesphere, a nationwide hosted PBX business phone and Internet services provider, today announced the closing of additional financing, totaling $32 million over the past 24 months.


“This capital will be used to reinvest heavily in the company to ensure that we are continually able to provide award-winning customer service and expand capabilities for our clients as well as growing our presence across the United States,” said Telesphere Chief Executive Officer Clark Peterson.


The funding news comes on the heels of Telesphere’s July announcement that it would acquire the VoIP services business of Denver-based Unity Business Networks. The acquisition has now closed after receiving FCC approval.


“Today’s news is yet another exciting chapter in the Telesphere story as we bring Unity Business Networks and its high-quality team and exceptional customer base into the Telesphere family,” Peterson said.


“We intend more

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Related Topics: Broadband, VOIP, Other |

Telesphere To Acquire VoIP Services of Unity Business Networks

horizon-with-tag.jpgPHOENIX, Ariz. and DENVER, Colo. (JULY 28, 2009) – Telesphere® (www.telesphere.com), a nationwide business phone and Internet services provider, announced it has entered into an agreement to acquire the VOIP services business of Unity Business Networks, a fast growing provider of IP services with market presence in Denver, Portland, Ore. and Minneapolis/ St. Paul, Minn. Financial terms of the agreement were not disclosed.


The transaction requires regulatory approvals and is expected to close in the third or fourth quarter of this year. Following the transaction, end-user customer services for both companies will be marketed under the Telesphere brand name.


Last month, Telesphere announced it had closed more than $15 million in additional funding to be used in accelerating the company’s rapid expansion plans through both organic- and acquisition-based growth. The round of funding featured several premier telecommunications investors including: Rally Capital, Hawkeye Investments and more

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