Integra Telecom plans major rebound

Integra Telecom plans major rebound

Portland-based Integra Telecom is rebounding from near-bankruptcy with new owners and a new business model.

Searchlight, the private equity firm that bought Goldman's stake in October, specializes in telecom. Andrew Frey, a Searchlight director in New York, said Integra's fiber network was very attractive to his firm.

Searchlight has faith in Integra's new business model, he said, and will bide its time to let the new strategy take hold.