Everest Broadband Completes 3rd Round Financing

FORT LEE, NJ Everest Broadband Networks, a provider of high-speed Internet access, long-distance phone service, digital broadcast satellite TV and related broadband applications in hotels, has completed its third round of financing for $50 million with Exelon Capital Partners as the lead investor. Other major contributors to the round are Everest seed shareholders Pequot Capital Management and SOFTBANK Venture Capital. (1/3/01)