
OneEighty
Communications purchased for $9.5 million OneEighty Communications,
a Billings, Mont., company partly owned by Spokane telecommunications entrepreneur
Greg Green, is being acquired for $9.5 million by a Minneapolis firm. The
deal does not include Spokane-based OneEighty Networks, also owned by Green. However,
Green will invest about $1 million of the proceeds from the sale into his Spokane
company, said Jenny Terrell, OneEighty Networks' vice president of sales and marketing. Green said in a press release that the infusion
of cash from the sale will be used for capital investments and to reduce company
debt. The Minneapolis company buying OneEighty Communications is Eschelon
Telecom, Inc., which provides voice and data services and business telephone systems
in 23 western U.S. markets. Green founded OneEighty Communications in 1998,
then sold a majority stake to Spokane-based Avista Corp. the next year. He became
president of a subsidiary called Avista Communications. When Avista decided to
refocus on the energy business, the company sold parts of the communications operation
back to Green and four partners. Green's OneEighty Networks bought Avista
Communications' broadband data operations in the Spokane-Coeur d'Alene area in
2002. At the time, OneEighty Networks was described as a companion company to
OneEighty Communications. OneEighty Networks provides Internet services
in Spokane, Walla Walla, the Tri-Cities, Coeur d'Alene and Pendleton, Ore. |