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DSL.net Brings Banking Firm Jeffries Broadview on Board
| March 9, 2005 - (HOSTSEARCH.COM) - Highlighting the consolidation of the web hosting industry in terms of business as well as the divirsification of the industry in terms of new technologies, DSL.net, a broadband communications services provider for businesses, today announced that it has retained Jefferies Broadview, a division of Jefferies & Company, a global investment banking firm, to advise the Company on financing and strategic alternatives. ”Jefferies has a keen understanding of the telecommunications landscape and immense resources that can assist us in identifying and evaluating transactions with financial investors as well as merger and acquisition alternatives," said Kirby G. "Buddy" Pickle, chief executive officer of DSL.net. "We believe that engaging Jefferies to help us fully explore our alternatives is in the best interests of our stockholders and the Company." The heavy-weight banking firm should be able to provide DSL.net with a clear path in the jungle of available options for ISPs today. |
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