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Phone company to buy Netcom
Local telephone exchange carrier ICG Communications Inc. will acquire Netcom On-line Communications Services Inc.
Local telephone exchange carrier ICG Communications Inc. will acquire Netcom On-line Communications Services Inc., for $283.5 million in stock. The combined company will have 330 Internet points-of-presence, more than 40,000 dial-in access ports, and nearly 2,900 fiber route miles. The deal is expected to be completed in the first quarter of 1998.