Centennial Communications
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Centennial Communications - overview
Established
1988
Location
Wall, NJ-New Jersey, US
Primary Industry
Telecoms
About
Centennial Communications is a telecommunications provider that focuses on delivering wireless services and innovative communication solutions to enhance connectivity and engagement in various markets. Founded in 1988, Centennial Communications operates as a telecommunications company, offering wireless services across the United States. The company has gone through significant changes, including being acquired by AT&T for USD 944 mn in cash on November 9, 2009. The CEO of the company is Michael Small.
The company specializes in providing a range of innovative technology solutions aimed at enhancing operational efficiency and user engagement across various industries. Its flagship product, a comprehensive software platform, integrates advanced analytics, machine learning, and user-friendly interfaces to address specific challenges faced by businesses in sectors such as healthcare, finance, and retail. This platform enables clients to streamline their processes, improve decision-making, and enhance customer experiences, ultimately driving better business outcomes. The company’s customer base includes mid to large-sized enterprises seeking to leverage technology for digital transformation, with active users primarily located in North America and Europe, where demand for such solutions continues to grow.
Released in recent years, the company’s products have quickly gained traction due to their scalability and adaptability to meet diverse business needs. For the year 2009, Centennial Communications reported a revenue of USD 1,051. 59 mn and an EBITDA of USD 403. 69 mn, operating on a subscription-based revenue model that accommodates both B2B relationships and direct-to-consumer engagements.
Centennial Communications is strategically focused on expanding its product offerings and geographic reach. Plans are underway to launch new product features aimed at enhancing customer engagement by mid-2010. The company is targeting expansion into emerging markets in Latin America and the Caribbean by 2011, utilizing the USD 944 mn raised from its recent acquisition by AT&T to support these initiatives. This funding will also enable further investment in research and development to innovate and refine existing services.
Primary Industry
Telecoms
Sub Industries
Telecoms
Website
www.ir.centennialwireless.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Centennial Communications - financials
| Fiscal Year Ended | May 31, 2002 | May 31, 2003 | May 31, 2004 | May 31, 2005 | May 31, 2006 | May 31, 2007 | May 31, 2008 | May 31, 2009 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 715,853,000 | 745,735,000 | 828,841,000 | 882,427,000 | 945,728,000 | - | - | - |
| % Revenue Growth (YoY) | - | 4.2% | 11.1% | 6.5% | 7.2% | - | - | - |
| EBITDA (USD) | 218,086,000 | 103,027,000 | 327,503,000 | 386,628,000 | 343,015,000 | - | - | - |
| Operating Income (USD) | 59,139,000 | (36,276,000) | 186,512,000 | 178,770,000 | 208,546,000 | - | - | - |
| Operating Margin | 8.3% | (4.9%) | 22.5% | 20.3% | 22.1% | - | - | - |
| % EBITDA Margin | 30.5% | 13.8% | 39.5% | 43.8% | 36.3% | - | - | - |
| NET Income (USD) | (79,063,000) | (111,381,000) | (22,165,000) | 63,032,000 | 21,028,000 | - | - | - |
| % Net Margin | (11.0%) | (14.9%) | (2.7%) | 7.1% | 2.2% | - | - | - |
Centennial Communications - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Centennial Communications | - | ||||||||
| Trade Sale | Completed | Centennial Communications | - | ||||||||
| IPO | Completed | Centennial Communications | - | ||||||||
| Trade Sale | Completed | Centennial Communications | - | ||||||||
| Add-on | Completed | Teleponce Cable TV, Inc. | - |
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Centennial Communications - employee data
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