Everest Broadband climbs high with first buy

Fort Lee, N.J.-based Everest Broadband Networks has acquired Metrocomm International Inc., a New York-based telecommunications carrier. Financial terms of the deal, Everest's first acquisition, were not disclosed.

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Everest will offer Metrocomm customers integrated broadband transport services, managed network services and business applications such as IP Fax and network security. Everest also is adding new tenants in Metro-comm facilities and increasing the customer ratios and total revenue of each building.

Soon after the Metrocomm acquisition, Everest announced the formation of Everest Broadband Networks Canada. The Toronto-based subsidiary will provide high-speed Internet, digital communications and e-mail services to multi-tenant commercial and residential buildings across Canada. The newly formed company already has forged relationships with many of Canada's top real estate developers and property managers, including O&Y Properties, also headquartered in Toronto.

In another recent agreement, New York-based Witkoff Group selected Everest to provide broadband services for 16 of its office buildings. The Witkoff buildings total 8 million sq. ft.


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