Primus Canada

Primus Telecommunications Canada Inc.

Industry	Telecommunications
Founded	1997
Headquarters	Toronto, Ontario, Canada
Key people	Andrew (Andy) Day, Chairman & CEO Peter H. Kines, CFO
Products	HPBX, Long Distance Telephony, Wireless, VoIP
Employees	700
Website	www.primustel.ca

Primus Canada is a Canadian telecommunications company. Primus operates as a CLEC — buying services at wholesale rates and reselling them to consumers. The company offers long distance, wireless, VoIP, DSL Internet, and POTS to both the residential and business markets.

Primus was founded in 1997 as a wholly owned subsidiary of McLean, Virginia-based Primus Telecommunications Group, Incorporated. With over 700 employees, Primus has offices in many Canadian cities including Ottawa, Vancouver, Oakville, London, Windsor, Montreal, Toronto, Edmundston and Edmonton.

Acquisition of Magma Communications

In early 2004, Primus Canada acquired Ottawa-based Magma Communications Ltd.,^[1] a small ISP with most of its customers based in Ottawa, Toronto, and surrounding areas^{[citation needed]}. In 2006, Primus Canada then merged Magma's customer databases, services and call centers into its own organization, phasing out the Magma brand as time passes^{[citation needed]}. The Ottawa building, formerly Magma headquarters, then changed all its outdoor signs and identity to the Primus brand.

Bankruptcy of parent company

Primus Canada's parent company, Primus Telecommunications Group, Incorporated, filed for bankruptcy on March 16, 2009. It emerged from Chapter 11 bankruptcy on July 1, 2009, with the shareholders of the original company suffering a near total loss of their investment. The company now trades under ticker symbol PTGi.

References

1. ^ "PRIMUS Canada Acquires Magma, Ottawa's Premier Internet Services Company" (Press release). PRIMUS Telecommunications Canada Inc. April 15, 2004. http://easyir.marketwire.com/easyir/prssrel.do?easyirid=D12A8EA726C432AF&version=live&prid=412212. Retrieved October 19, 2009. 

External links

• Company Website