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Logix: How One Man Transformed a Bankrupt Wireline Telephone Company into a Fiber Optic Powerhouse
Hardcover
Biographies GeneralBusiness GeneralTechnology & Engineering
ISBN13: 9780979921988
Publisher: Historia Vitae
Published: Jul 29 2024
Pages: 722
Weight: 2.48
Height: 1.50 Width: 6.00 Depth: 9.00
Language: English
LOGIX is a business memoir, part two of an entrepreneurial journey that began with American Telco. Ron W. Henriksen founded American Telco in 1983 and sold the company fifteen years later, in 1998, to Dobson Communications for $130 million in cash. (Gold, at that time, was a paltry $252 per ounce, a fraction of its price today.) The buyers renamed the company Logix Communications, then spent the next four years piling on debt it couldn't repay, eventually forcing the company into bankruptcy.
In LOGIX, Henriksen describes buying his old company out of bankruptcy in 2002 for approximately $24 million, a fraction of what he was paid four years and two months earlier. He then spent the next fourteen years transforming an old long-distance telephone company into a state-of-the-art fiber-based voice and data services enterprise. In 2016, Henriksen sold Logix Communications a second time. This go-round to a Washington, D.C.-based investment group for $180 million.
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