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ITC^DeltaCom Sells Hosting Division. 2005-08-11, HostMan.biz Internet services and Web hosting provider ITC^DeltaCom (itcdeltacom.com) said on Thursday that it had entered into an agreement to sell its e^deltacom division and its data center facility in Suwanee, Georgia to the Quality Group of Companies. ITC^DeltaCom's e^deltacom division is a provider of managed colocation, hosting, data storage and networking. Quality is a full-service provider of commercial and governmental facilities. ITC^DeltaCom says it will use the proceeds of the sale, approximately $25.8 million, for general corporate purposes. "The sale of e^deltacom represents a continuation of our strategy to focus on our core competencies and to strengthen our balance sheet," says Randall E. Curran, CEO of ITC^DeltaCom. "We look forward to partnering with Quality as we establish a relationship that ensures that both companies continue to provide outstanding service to their respective customers." ITC^DeltaCom says it will continue to provide telecommunications services to e^deltacom and Quality. The deal, subject to customary closing conditions, is expected to close by the end of the third quarter.

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