GE Capital to Invest $10 Million in TelePacific

Finance giant GE Capital said it will make a $10-million investment in Los Angeles-based TelePacific Communications, a business-to-business telecom and Internet provider. “We’re fortunate to have been recognized by such an established, reputable organization like GE Capital,” said TelePacific’s Chairman and CEO David Glickman. The cash infusion is expected to help the privately held TelePacific expand in California and Nevada. TelePacific, with 165 employees, was formed in 1998 to provide businesses, especially small and medium-size ones, with telecom and high-speed Internet access. GE Capital, a unit of General Electric, has invested more than $1 billion in telecommunications.