TelePacific Raises $40 Million in Funds

By Karen Kaplan

March 12, 2002 12 AM PT

Los Angeles-based broadband provider TelePacific Communications said it had raised $40million from new and existing investors. The company plans to use some of the funds to build a voice and data switching facility in Orange County and to hone its list of product offerings, which are targeted to businesses in California and Las Vegas. TelePacific also named former Nynex Chief Executive Dick Jalkut president and CEO. Jalkut, 57, succeeds Richard L. Kimsey, a former executive with Sprint PCS.

Technology and the Internet

Karen Kaplan

Karen Kaplan covers science and medical research for the Los Angeles Times. She has been a member of the science team since 2005, including 13 years as an editor. Her first decade at The Times was spent covering technology in the Business section as both a reporter and editor. She grew up in San Diego and is a graduate of MIT and Columbia University.

TelePacific Raises $40 Million in Funds

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