The two companies have also agreed to allow MindSpring to use ICG's network and network management capabilities. ICG will retain Netcom's network 'backbone,' spread across 700 cities nationwide. dial-up, dedicated and web-hosting accounts for $215 million cash and $30 million in stock. Under terms of the transaction, ICG will sell Netcom's U.S. The company also offers Web-hosting services and domain registration. MindSpring is an Atlanta-based Internet service company that provides Web-browsing, electronic mail, online chats and access to more than 20,000 newsgroups to dial-up subscribers in over 375 locations in the U.S. 'This acquisition is consistent with our mission to become a major player in the telecommunications industry of the future,' Charles Brewer, MindSpring's chairman and chief executive officer, said Wednesday.

The sale announced Thursday involves an agreement between an ICG unit, ICG Services Inc., and MindSpring. ICG said it is continuing with its plans to sell Netcom's remaining international assets. dial-up, dedicated and web-hosting accounts is part of an ongoing effort by ICG to spin off parts of the unit as it concentrates on core telecom businesses. ICG bought Netcom On-line Communication Services for $285 million in January 1998. ICG, an integrated communications provider based in Englewood, Colo., offers local and long-distance, enhanced telephony, and data services through a vast fiber-optic network in California, Colorado, the Ohio Valley and parts of the southeastern United States. operational assets of its Netcom subsidiary to Internet service provider MindSpring Enterprises Inc. unveiled plans Wednesday to sell the U.S. NEW YORK (CNNfn) - ICG Communications Inc. MindSpring buying telecom service subsidiary's U.S. ICG sells Netcom assets to MindSpring - Jan.

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