Mergers and Acquistions News
Categories: Telecoms
January 12th 2011, 17:07PM
Atlanta, US-based BroadSource, a wireless telecoms provider, will merge with Integrated Mobile, an Ohio-based managed mobility provider, the two firms have announced.
The "merger of equals" will combine both businesses' capabilities to create a more dominant competitor in the mid-to-large enterprise market.
The merged entity will be headquartered in Atlanta, maintaining offices in Ohio.
BroadSource chief executive officer Michael Lustig will head-up the new organisation.
"As a result of the merger, we now have a more comprehensive wireless and wireline offering for a wider range of businesses," Mr Lustig said.
"The combined companies will have more than 100 customers and will be profitable immediately – creating a stable platform for solid growth."
Early 2011 has seen new mergers and acquisitions flourish. According to Reuters, close to $21 billion (£13.4 billion) in deals has been secured over just the past few days.
Dealogic said that the start of 2011 represented the busiest period of activity for more than a decade.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- May 2012 (0)
- April 2012 (0)
- March 2012 (0)
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)