[May 16, 2013] Investors consortium sell stake in Airband Communications to United Network Services Tweet May 16, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Airband Communications, Inc., a provider of fixed wireless broadband services, has been acquired by United Network Services, Inc., a provider of data network and carrier services, in an all-stock transaction. Both the companies are based in the US. The combined company will operate under the name United Network. Airband Communications is backed by investment firms 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. Announcement (May 7, 2013): Airband Communications has agreed to be acquired by United Network. The transaction is expected to close within thirty days. Deal Type Private Equity Sub-Category Exit Deal Status Completed: 2013-05-14 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. The acquisition expands United Network's existing robust national MPLS & Ethernet network with a total of 29 Core PoPs spanning across the US, fixed wireless in 16 markets, VoIP platform delivered on a national basis, as well as a comprehensive broadband aggregation network. [ Back To TMCnet.com's Homepage ]