Allegiance Telecom

Select Case Studies

• International Experience
• Chief Restructuring Officer
• Operational Optimization
• Quigley (a division of Pfizer, Inc.)

Impala was retained as Chief Restructuring Officer to Allegiance Telecom (“Allegiance”) in July 2003. Allegiance was a publicly traded CLEC founded in 1997, with peak revenues of $771 million and market capitalization of $11.3 billion. Impala assisted in development of a business plan and company offering materials. XO Communications purchased Allegiance in June 2004 for $311 million in cash and 45.4 million shares.