PTGi/GoIP Deal Seeks FCC OK
PTGi International Carrier Services, which transits international long-distance voice and data traffic on a wholesale basis, is being sold by parent HC2 to GoIP Global, PTGi said in an International Bureau application posted Tuesday asking for FCC OK. After the…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
transaction, holding company GoIP plans to rebrand itself as TransWorld Enterprises, PTGi said, adding that no workforce or management changes are planned related to the deal. PTGi said the sale is needed due to a secular decline in its business over the past five years as consumers and businesses switch to such options as VoIP and software-driven video applications -- an issue its new business structure will help it address.