New Edge reportedly has been doing well financially (EBITDA positive), why did it agree to sell now?
Yes, New Edge Networks has steadily grown its revenue and EBITDA in spite of difficult economic times. To effectively expand and grow, we need access to new corporate and financial resources that EarthLink is willing to provide. With all the uncertainties and consolidations in today’s telecom environment, we believe now is the best time to take action. New Edge Networks is fortunate to find a partner with a similar work culture, core values, and beliefs. Micro-processing power is becoming cheaper and information is ever more critical for business. Much of this processing power requires a network, which in turn fuels our growth. This revolutionary rapid growth in networking is happening as we speak and will continue over the next 10 years. It is important that New Edge Networks – as part of EarthLink – is well positioned for this growth.
