C-TEC Corporation

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Excerpt from Forbes - An unchronicled success story on a simple principle: "Cover your downside and the upside will take care of itself"

Walter Scott Jr., of Peter Kiewit Sons', Inc. and David C. McCourt use C-TEC as the foundation to offer competitive telecommunication services to residential customers.

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C-TEC Surges ahead in phone, cable markets

C-TEC of Princeton, N.J., will spin off Commonwealth Telephone Enterprises, Cable Michigan and RCN Communications on Sept. 30. McCourt will run the newly independent RCN, which had $60 million in fiscal 1997 revenue and is building a $7 billion fiber-optic network that will carry voice, cable television and high-speed Internet access over the same wires to residential customers in 24 cities from Washington to Boston.

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