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ALLEGIANCE TELECOM

OVERVIEW

Allegiance Telecom was launched as a competitive local exchange carrier (CLEC) to take advantage of the market opportunities created by the passage of the 1996 Telecommunications Act. It focused on serving small- to mid-sized businesses in major U.S. cities.


CEO1ST PARTNER(S)

Royce Holland was co-founder, and former President and COO, of MFS Communications Company from 1990 until its acquisition by WorldCom for $13 billion in 1996.

 

Royce J. Holland



STATUS

Initial investment 1997

Initial public offering 1998 (NASDAQ: ALGX)

Acquired by XO Communications 2004

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