GREENVILLE, S.C. — NuVox Communications, a provider of data and telecommunications services to businesses in the South and Midwest, has closed on $95 million in new credit.
The funds will be used to refinance debt and to help it expand voice over Internet Protocol services, the company said.
“This financing positions NuVox to rapidly expand the deployment of VoxIP, our voice over Internet protocol (VoIP) offering,” said Jim Akerhielm, chief executive officer of NuVox. “Over the past year, NuVox has made major investments in the network infrastructure and back-office platforms necessary to provide a fully-managed, private network-based VoIP solution to our customers. This financing will enable us to significantly accelerate our VoxIP sales and marketing efforts in the second half of 2006.”
Akerhielm said VoxIP sales represented 10 percent of new customer accounts.