ITC Holding Company
Encyclopedia
ITC Holding Company, LLC is a holding company
based in West Point, Georgia
.
The company began as The West Point Telephone and Electric Company, founded in 1896 by James Smith Lanier. Around 1950, the company changed its name to Interstate Telephone Company. The current Chief executive officer
is Campbell B. Lanier, III, a descendent of James Smith Lanier.
ITC funded several successful telecommunications companies including headhunter.net, ITC^DeltaCom, Knology
, MindSpring
, Powertel
, and Telecom USA.
In 2001, ITC Holding Company invested $5 million in eCompanystore. ITC Holding Company was pursuing "investments in business applications for wireless technology, Internet services, communications infrastructure and other developing technologies that address large and growing markets and provide value-added services."
In 2002, seven of the eleven directors of ITC Deltacom Inc.were also directors of ITC Holding Company. Subsidiaries and affiliates of ITC Holding Company, included Knology, InterCall, Inc., Interstate Telephone Company, Valley Telephone Company, InView and Powertel.
In 2003, the New York Department of Public Services approved the transfer of control of BTI Telecommunications to ITC Holding Company.
South Atlantic Venture Funds investments in communications firms are largely in companies associated with ITC Holdings.
The SEC has filings for three "ITC Holding(s)" companies and corporations in the United States. ITC Holding Company is registered in Mishawaka, Indiana. ITC Holding Company Inc is registered in Westpoint, Georgia. ITC Holdings Corporation is registered in Novi, Michigan. ITC Holding Company's most recent filing with the SEC was made on June 10, 2003.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
based in West Point, Georgia
West Point, Georgia
West Point is a town in Troup County, with a small tail of the south end of town in Harris County, in the U.S. state of Georgia. As of the 2000 U.S. Census, this town had a total population of just 3,382 people...
.
The company began as The West Point Telephone and Electric Company, founded in 1896 by James Smith Lanier. Around 1950, the company changed its name to Interstate Telephone Company. The current Chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
is Campbell B. Lanier, III, a descendent of James Smith Lanier.
ITC funded several successful telecommunications companies including headhunter.net, ITC^DeltaCom, Knology
Knology
Knology Inc. is a cable company that formed in 1994 by ITC Holding Company, Inc, a telecommunications holding company in West Point, Georgia that also founded Internet service provider Mindspring. In late 1994, shortly after Knology's inception, two employees made a $600,000 investment to make...
, MindSpring
MindSpring
MindSpring Enterprise was a major Internet service provider headquartered in Midtown Atlanta, Georgia. Mindspring merged with EarthLink on February 4, 2000, with the company retaining the EarthLink name...
, Powertel
PowerTel
PowerTel is an Australian telecommunications company that operates urban and inter-city fibre optic networks across Australia. The company was launched in August 1998 and received its carrier licence from the Australian Communications Authority that year....
, and Telecom USA.
- In 1998, ITC Holding purchased 5,324,067 shares (20.6%) of MindSpring Enterprises, Inc..
- In 1999, ITC Holding purchased 5,508,000 shares (49.1%) of Headhunter Net, Inc.
- In 2001. ITC Holding Company owned 23.3% of PowertelPowerTelPowerTel is an Australian telecommunications company that operates urban and inter-city fibre optic networks across Australia. The company was launched in August 1998 and received its carrier licence from the Australian Communications Authority that year....
.
In 2001, ITC Holding Company invested $5 million in eCompanystore. ITC Holding Company was pursuing "investments in business applications for wireless technology, Internet services, communications infrastructure and other developing technologies that address large and growing markets and provide value-added services."
In 2002, seven of the eleven directors of ITC Deltacom Inc.were also directors of ITC Holding Company. Subsidiaries and affiliates of ITC Holding Company, included Knology, InterCall, Inc., Interstate Telephone Company, Valley Telephone Company, InView and Powertel.
In 2003, the New York Department of Public Services approved the transfer of control of BTI Telecommunications to ITC Holding Company.
South Atlantic Venture Funds investments in communications firms are largely in companies associated with ITC Holdings.
The SEC has filings for three "ITC Holding(s)" companies and corporations in the United States. ITC Holding Company is registered in Mishawaka, Indiana. ITC Holding Company Inc is registered in Westpoint, Georgia. ITC Holdings Corporation is registered in Novi, Michigan. ITC Holding Company's most recent filing with the SEC was made on June 10, 2003.