IXC Communications Inc. (Austin, TX) announced the acquisition of Coastal Telephone Co., which it

IXC Communications Inc. (Austin, TX) announced the acquisition of Coastal Telephone Co., which it will combine with its existing business-to-business arm, Eclipse Telecommunications Inc. The transaction is valued at approximately $100 million, which includes $25 million in IXC stock. The acquisition will enable IXC to sell new products to Coastal`s customer base of more than 100,000 small business customers. Completion of the acquisition is expected in the second quarter of this year.