US LEC
Charlotte
About US LEC
US LEC is a rapidly growing CLEC that provides switched local, long distance and enhanced telecommunications services primarily to medium and large-sized organizations located in selected markets in the southeastern United States. The Company was founded in June 1996 after passage of the Telecom Act, which enhanced the competitive environment for local exchange services. The Company initiated service in Charlotte, North Carolina in March 1997, becoming one of the first CLECs in North Carolina to provide switched local exchange services, and subsequently initiated service in Raleigh and Greensboro, North Carolina and in Atlanta, Georgia. As of February 28, 1998, the Company had 62,545 Equivalent Access Lines in service. US LEC plans to enter 15 new markets in Tennessee, Florida, South Carolina, Virginia and North Carolina by the end of 1999.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Delisted
- Employees: 251 – 500
- Total funding: $300.0M
- Funding stage: M&A
- Last round: Post-IPO Equity (Feb 2000)
- Ticker: nasdaq:CLEC
- Website: themorrocroftcentre.info
Industries & Categories
Service Industry, Telecommunications
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