Time Warner Telecom, a provider of voice and Web services for corporations, on Thursday said that it will purchase Xspedius Communications, a privately held telecommunications firm, for $531.5 million in cash and stock, according to a July 27 press release on Yahoo Finance.Time Warner Telecom will pay out $212.5 million in cash and $319 million in company stock to Xspedius. Time Warner Telecom will not assume any debt under the agreement, according to the release.“This acquisition significantly broadens the already extensive number of our local assets and national capabilities,” Larissa Herda, Time Warner Telecom chief executive, said in the release. “This strategic acquisition further extends our network reach and market density for serving multi-location and multi-city enterprise customers, increasing the number of markets we serve from 44 to 75, and enhances our ability to further fuel our enterprise growth.” SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature Mastercard preps for the post-quantum cybersecurity threat A cryptographically relevant quantum computer will put everyday online transactions at risk. Mastercard is preparing for such an eventuality — today. By Poornima Apte Sep 22, 2023 6 mins CIO 100 CIO 100 CIO 100 feature 9 famous analytics and AI disasters Insights from data and machine learning algorithms can be invaluable, but mistakes can cost you reputation, revenue, or even lives. These high-profile analytics and AI blunders illustrate what can go wrong. By Thor Olavsrud Sep 22, 2023 13 mins Technology Industry Generative AI Machine Learning feature Top 15 data management platforms available today Data management platforms (DMPs) help organizations collect and manage data from a wide array of sources — and are becoming increasingly important for customer-centric sales and marketing campaigns. By Peter Wayner Sep 22, 2023 10 mins Marketing Software Data Management opinion Four questions for a casino InfoSec director By Beth Kormanik Sep 21, 2023 3 mins Media and Entertainment Industry Events Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe