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Telecommunications equipment maker Ascend Communications has extended a $101 million line of credit to BlueStar Communications, a privately held digital subscriber line (DSL) provider. BlueStar, which currently offers high-speed data service in Tennessee and Kentucky, will use the line of credit to buy networking and DSL equipment to build out its DSL network in the southeastern United States. Ascend and BlueStar teamed for a $10 million financing package last year.
Networking firm Ascend Communications has extended a credit line worth up to $101 million to digital subscriber line (DSL) provider BlueStar Communications. The credit line will be used by BlueStar in its ongoing efforts to expand and build out its digital network throughout the southeastern United States, the company said.