Virginia Businesses in the News


Legal and Regulatory

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For the Record is compiled from company releases, business journals and newspaper reports from around the state. If you have an item for these listings: • Mail it to: For the Record Virginia Business Magazine P.O. Box 85333 Richmond, VA 23293 • E-mail it to ForTheRecord@va-business.com • Fax it to (804) 649-6311

Elantic Telecom, an affiliate of Richmond-based Cavalier Telephone that provides wholesale telecommunications services, filed for bankruptcy. The company, formed this year to acquire Dominion Telecom and its 8,000-mile fiber-optic network, plans to conduct business while reorganizing and cutting costs. (7/22/04, Richmond Times-Dispatch)

The General Services Administration informed CACI International Inc., an Arlington defense contractor, that it wouldn't be excluded from federal contracts because it used an information technology contract to provide interrogators for the Army in Iraq. However, the GSA left open the issue of possible conflict of interest because of the company's role in preparing language for its contract describing work to be performed in Iraq. (7/8/04, The Washington Post)

Nextel Communications Inc. of Reston received clearance from the Federal Communications Commission to acquire airwave frequencies the wireless phone company had sought. In exchange, Nextel must give up airwaves it currently uses and also must cover the cost of moving communications systems for thousands of local emergency responders to new frequencies. The total cost of the deal would be at least $3.2 billion. (7/9/04, The Washington Post)