ICG Communications Will Sell Its Texas Based Business to Tel West Network Services, Companies Announced Thursday

ICG Communications Will Sell Its Texas Based Business to Tel West Network Services, Companies Announced Thursday

ENGLEWOOD, Colo., Jan. 27 /PRNewswire/ -- ICG Communications, a leading facilities-based integrated VoIP and data communications provider, announces an agreement to sell its Texas based business to Tel West Network Services Corporation, a full-service business and residential communications provider for major metropolitan markets in Arizona, Washington and Oregon. As part of this agreement, Tel West will become a customer of ICG's wholesale VoicePipe service.

"This move is consistent with ICG's overall strategy to be an active participant in discussions that involve geographic consolidation of CLEC businesses. As a result of this transaction, ICG's path to profitability improved substantially and our overall cash situation will benefit by several million dollars," said Dan Caruso, ICG President and Chief Executive Officer.

Jeff Swickard, president of Tel West Network Services, said, "We are excited and are looking forward to providing the highest quality telecommunications services and exceptional customer care in Texas. Our customers are our most important asset."

John Scarano, ICG's executive vice president, added: "Tel West Network Services is a well run, entrepreneurial business. They are planning to make a significant investment in Texas, and represent a good alternative for ICG's Texas customers. Moreover, we are optimistic that success with VoicePipe will benefit both Tel West and ICG."

Terms of the transaction were not disclosed.

About Tel West:


Tel West Network Services is a full-service business and residential communications provider for major metropolitan markets in Arizona, Washington and Oregon and is one of the fastest growing carriers in the West. Web Site at http://www.telwestnetwork.com/

About ICG

ICG Communications, Inc. is a premiere business communications company that specializes in converged voice and data services. ICG has a regional footprint and extensive metropolitan fiber. ICG products and services include, voice and Internet Protocol (IP) solutions including VoicePipe(TM) and iConverge(TM), voice services, dedicated Internet access (DIA), and private line transport services. ICG provides corporate customers and other carriers with flexible and reliable solutions. For more information about ICG Communications, visit the company's Web site at www.icgcomm.com.


Source: ICG Communications, Inc.

CONTACT: John Scarano of ICG Communications, Inc., +1-303-414-5027

Web site: http://www.telwestnetwork.com/

Web site: http://www.icgcomm.com/


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