Short Take: ICG, Netcom merger complete

Local exchange carrier ICG Communications and Internet service provider Netcom announced that stockholders of both companies have approved a merger deal initiated last October. Netcom stockholders will receive .8628 shares of ICG stock for each Netcom share held. The companies say the merger creates a single-source provider of telecommunications services ranging from local and long distance to Internet access and Web hosting.

Jan. 22, 1998 5:35 p.m. PT

Local exchange carrier and Internet service provider Netcom announced that stockholders of both companies have approved a merger deal initiated last October. Netcom stockholders will receive .8628 shares of ICG stock for each Netcom share held. The companies say the merger creates a single-source provider of telecommunications services ranging from local and long distance to Internet access and Web hosting.