Tech Industry

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.

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.