TMCnet News
United Network Services to acquire Airband CommunicationsMay 08, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- United Network Services, Inc., a provider of data network and carrier services, has agreed to acquire Airband Communications, Inc., a provider of fixed wireless broadband services. Both the companies are based in the US. Earlier, Airband had secured investment from ABRY Partners, LLC, Ignition Partners, Key Venture Partners, M/C Venture Partners, Trilogy Equity Partners, Dolphin Equity Partners, L.P., Driehaus Capital Management LLC and Crescendo Venture Management, LLP. The transaction is expected to close within thirty days. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2013-05-07 Deal Participants Target (Company) Airband Communications, Inc. Acquirer (Company) United Network Services, Inc. Deal Rationale Through this acquisition, United Network will gain operational, engineering and sales expertise to better support customers and partners. |
