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Company Profile
- McLeodUSA Incorporated
- Country : United States
- City: Cedar Rapids
- State: Iowa - IA
- Address: McLeodUSA Technology Park 6400 C St. SW
- Zipcode: 52406-3177
- Category: Fortune 1000 Companies
- Description: McLeodUSA hopes to find its silver lining in the deregulating US telecommunications industry. The facilities-based CLEC (competitive local-exchange carrier) offers local and long-distance phone service, Internet access, and other data services, primarily to small and midsized businesses. It operates more than 1 million local access lines in 25 states in the western and Midwestern US. However, the economic downturn forced the company to complete a restructuring of its finances and it has emerged from bankruptcy. Investment firm Forstmann Little owns about 58% of McLeodUSA following a $100 million equity investment.
- Products: Telecommunications