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News For ELNK From The Last 14 Days
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February 1, 2016
16:16 EDTELNKEarthLink sells IT services business to Synoptek
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16:03 EDTELNKEarthLink sells select IT service assets to Synoptek
EarthLink announced it has sold select assets associated with its IT service offering to Synoptek, an IT managed services and support organization. The transaction impacts approximately 1,700 customers that are serviced through data centers and office locations in the continental U.S. and Canada. EarthLink said it will continue its core business of providing a "differentiated suite of both managed and network services to business customers, including enhanced core data and voice services and carrier grade transport solutions." Proceeds from the transaction are approximately $29M, subject to post-closing contingencies. The divested IT services assets generate approximately $37M in annualized run-rate revenue.

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