View source for Telcove

'''TelCove''' was a medium-sized [[telecommunications]] founded in 1991<ref>{{cite news | title=What if Adelphia really does leave? | author=George Nianiatus | work=[[Olean Times Herald]] | date=October 3, 2004 | url=https://www.oleantimesherald.com/archives/what-if-adelphia-really-does-leave/article_be20a1ec-83d6-5bee-a3f7-09708390c272.html }}</ref> and based in [[Coudersport, Pennsylvania]]. TelCove was originally known as Hyperion. It later changed its name to Adelphia Business Solutions,<ref>[http://findarticles.com/p/articles/mi_qa3718/is_199907/ai_n8868737 Hyperion gets new name | CNY Business Journal (1996+) | Find Articles at BNET.com<!-- Bot generated title -->]</ref> but it changed its name again after internal corruption forced the parent company, [[Adelphia Communications Corporation|Adelphia]], to file for bankruptcy. TelCove was once known as Adelphia Business Solutions and was part of Adelphia Communications. Since 2004, the company had been majority-owned by Bay Harbour Management.
In 2006, TelCove was acquired by [[Level 3 Communications]] for US$1.2375 billion, consisting of US$637 million in shares of Level 3 common stock, US$445 million in cash and US$155.5 million in the assumption of debt.<ref>[http://www.level3.com/newsroom/pressreleases/2006/20060501.html Level 3 to Acquire TelCove<!-- Bot generated title -->] {{webarchive|url=https://web.archive.org/web/20080112163751/http://www.level3.com/newsroom/pressreleases/2006/20060501.html |date=2008-01-12 }}</ref>
In 2017, Level 3 Communications was acquired by [[CenturyLink]].
==References==
{{Reflist}}
[[Category:Defunct companies based in Pennsylvania]]
[[Category:Level 3 Communications]]
[[Category:American companies established in 1991]]
[[Category:Companies based in Potter County, Pennsylvania]]
[[Category:Companies with year of establishment missing]]
[[Category:Companies disestablished in 2006]]
[[Category:2006 disestablishments in Pennsylvania]]
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