CTC Communications company was founded in 1981. CTC became the first reseller of Bell Atlantic services after the Bell System divestiture. CTC then took Bell Atlantic to task and court claiming Bell Atlantic had formed a monopoly, the FCC sided on CTC's case clearing the way for the CLEC industry. In December 2001, CTC pioneered a new technology by placing its first VoIP phone call over a public switching system using their own proprietary technology. In August 2002, CTC was delisted from Nasdaq and on October 3, 2002 CTC filed for Chapter 11 Bankruptcy. On December 17, 2003, CTC emerged from Chapter 11 and was acquired by Columbia Ventures Corporation. On May 24, 2005, CTC completed its acquisition of Lightship Telecom. In October 2005, CTC completed its acquisition of Connecticut Broadband.
Read more about this topic: One Communications