Electric Lightwave
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| Privately Held | |
| Industry | Telecom Service - Domestic |
| Founded | 1996 |
| Headquarters |
Vancouver, Washington 45°35′56″N 122°29′08″W / 45.599°N 122.4855°WCoordinates: 45°35′56″N 122°29′08″W / 45.599°N 122.4855°W |
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Key people
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Marc Willency, CEO |
| Products | Data Networking and Internet Managed and Cloud Services Voice Communications Colocation and Equipment Business Bundles |
| Revenue | $538 million (2017) |
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Number of employees
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823 |
| Parent | Zayo Group Holdings |
| Website | www |
Electric Lightwave, formerly known as Integra was a privately owned provider of fiber-based, carrier-grade networking, communications and technology solutions, headquartered in Vancouver, Washington, United States. In 2016, the company split into two divisions, Electric Lightwave and Integra, and changed its parent company name to Electric Lightwave. In early 2017, Electric Lightwave was acquired by Zayo Group Holdings (NYSE: ZAYO) for $1.4 billion.
Founded by Ted Berns and Dudley Slater in 1996, the company was a facilities-based provider of communication and networking services and served 35 metropolitan markets across eleven states. The company expanded to serve businesses of all sizes. As of 2017, the privately held company had annual revenues of $538 million, with approximately 823 employees company-wide.
The company was founded in 1996 through the acquisition of OGI Telecomm, a shared tenant provider formed in 1984 to provide voice and data services to the Oregon Graduate Institute (then based in unincorporated Washington County) and businesses in the AmberGlen Business Park, a nearby office park. The company became Integra Telecom in 1998.
By the year 2000 Integra had grown to annual revenues of $42 million, and grown to around $150 million in 2005. Integra Telecom doubled in size through the acquisition of Electric Lightwave (ELI) from Citizens Communications (later renamed Frontier Communications) in 2006, and in 2007 acquired Eschelon Telecom, which again doubled the size of the company. ELI was purchased for $243 million in cash as well as an assumption of $4 million in debt in a deal that closed on August 1, 2006. The Eschelon purchase was for $566 million in cash and $144 million in assumed debt.
In 2007, Integra had 1,100 employees and annual revenues of $340 million before their purchase of Eschelon. That year they moved part of their operations into the 20-story Lloyd Center Tower in Portland's Lloyd District on the city's eastside. This is near their headquarters at the 1201 Lloyd Building. By 2009 the company had grown to annual revenues of more than $680 million and employed more than 550 people at their headquarters and 2,300 people across the company. In 2009, the company brought in new investors to reduce its debt load by approximately $600 million. Integra accumulated much of the debt due to its earlier acquisitions, and, according to news reports, faced the possibility of bankruptcy due to breaching covenants in its loan agreements.
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