Because of the merger, customers of both companies will enjoy the benefit of a broader array of voice services, Internet connectivity, video services and customer service. Both companies bring important technology skills and expertise that together will create a more complete product offering. Because Veracity Networks will remain a local provider, the only change that customers will notice is the new company name on their bills. Veracity Networks is now positioned to grow the local network, expand its products, and deliver greater service to both business and residential customers.
Veracity Networks will combine leadership talent from both companies, with continued involvement from Broadweave's existing Board of Directors and the proven leadership of Drew Peterson as the CEO of the new company. Completion of the merger is expected to occur promptly following necessary approvals from regulatory and government entities.
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