Talk America Closes LDMI Buyout

Talk America has completed its acquisition of Midwestern provider LDMI Telecommunications Inc.

The $48.1 million deal gives SBC Communications Inc. sizeable competition in the region.

LDMI provides service on more than 131,000 voice equivalent lines and 27,000 data equivalent lines, primarily in Michigan and Ohio. Talk America expects the combined companies to use its softswitch platform to roll out VoIP business services in the fourth quarter 2005.