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International FiberCom Buys Premier Cable

Phoenix-International FiberCom Inc. said last Thursday it acquired Lake Worth, Fla.-based Premier Cable Communications, a privately held company that specializes in underground and aerial installation of telecommunications infrastructure, including residential installations or drops.

Premier has more than 300 employees and maintains 17 locations in 10 states east of the Mississippi. For the year ended Dec. 31, 1999, Premier had $17 million in revenue and was profitable. The acquisition was valued at $15 million.