Monday, July 6, 2009

Goodman Networks Gains $62M

Plano-based Goodman Networks, a provider of engineering, deployment, integration, and maintenance services to the telecommunications industry, said Monday that it has raised $62M in a combination of equity and debt for the firm. The equity funding came from The Stephens Group, with the debt portion from PNC Financial Services Group. Goodman Networks said the funding would go towards enhancing and expanding the capabilities it offers its customers. The Stephens Group was one of the largest shareholders of Alltel before it was sold in 2007. More information »