transaction

 

News Briefs

Private equity firm Warburg Pincus will invest at least $245 million to obtain a substantial equity interest in Integra Telecom Inc. The proceeds from the transaction will be paid to existing Integra investors in exchange for outstanding shares. Integra Telecom will continue to operate as a privately held company and will not raise any primary […]

Alltel Shareholders Approve Buyout

Alltel Corp. said Wednesday its shareholders have approved the $27.5 billion buyout by TPG Capital and GS Capital Partners. The company said approximately 97 percent of the shares voted in favor of the deal at a special meeting. The acquisition was announced in May. The Federal Communications Commission still must approve the transaction. Alltel, which […]

Private Equity Firm Buys Stake in Integra

Private equity firm Warburg Pincus will invest at least $245 million to obtain a substantial equity interest in Integra Telecom Inc. The proceeds from the transaction will be paid to existing Integra investors in exchange for outstanding shares, Integra said. Integra Telecom will continue to operate as a privately held company and will not raise […]

Inter-Tel Shareholders Approve Mitel Merger

Inter-Tel Inc. stockholders on Thursday approved the $723 million merger with Mitel Networks Corp. The company said early results indicate that 60 percent of its outstanding shares voted in favor of the transaction. We are pleased that Inter-Tel stockholders agreed with us that the Mitel merger represents the greatest value currently available to Inter-Tel stockholders […]

ECI Telecom to be Acquired for $1.2 billion

ECI Telecom Ltd. said Monday it has agreed to be acquired by the Swarth Group and Ashmore Investment Management Ltd. for approximately $1.2 billion. ECI shareholders will receive $10 per share in cash at closing, representing a premium of approximately 22 percent over ECI’s average closing price during the 30 trading days ending June 15, […]

PPL Corp. Sells Telecom Subsidiary

PPL Corp. said Thursday it will sell PPL Telcom, its wholesale subsidiary, to Communications Infrastructure Investments (CII) for approximately $60 million. PPL said it expects net proceeds of $50 million from the transaction. The company had announced earlier this month it wanted to sell PPL Telcom so it could focus on its energy business. CII […]

Shared Technologies Acquires UAC

Shared Technologies Inc. has acquired United Asset Coverage Inc. (UAC). Details of the transaction were not disclosed. Illinois-based UAC provides integrated telecommunications and data networking maintenance services through a network of 41 offices across the country. Shared Technologies had previously acquired two UAC subsidiaries in April 2006. Prior to the closing of the new deal, […]

Brightpoint to Acquire CellStar

Mobile phone distributor Brightpoint Inc. is buying rival distributor CellStar Corp. for $88 million in cash. The deal applies to CellStars assets and liabilities in its U.S. operations and the Miami-based division that targets Latin America. None of CellStar’s operations in Mexico and Chile, or any other businesses are included in the acquisition. The transaction, […]

telx Sold to GI Partners

The telx Group Inc. has been sold to GI Partners, a transatlantic private equity firm. Detailed terms of the transaction have not been disclosed. This is a monumental achievement by a team of outstanding professionals who I have had the pleasure to lead through innumerable challenges throughout the years, Rory J. Cutaia, the founder, chairman […]

Time Warner Closes Xspedius Acquisition

Time Warner Telecom Inc. on Tuesday closed on its $576 million purchase of Xspedius Communications LLC, the privately held CLEC based in Missouri. The deal was announced July 27. Time Warner has said buying Xspedius expands its metro footprint to 75 markets. Time Warner paid 18.3 million shares of its common stock in addition to […]

1 2 3 … 5
The ID is: 71352