Universal Broadband snatches up UIS
Looking to boost its presence in the voice over IP sector, Universal Broadband Communications has snagged Universal Information Systems for an undisclosed amount.
Under the terms, Universal Broadband will acquire UIS's base of roughly 10,000 prepaid customers and the company's switching network — an Excel switch in Los Angeles and a Cisco 5300 router in Tehran, Iran.
Universal Broadband went after the international prepaid communications provider because of its large customer base and "strategically located switches," says Mark Ellis, Universal Broadband's CEO. "UIS has done an outstanding job penetrating the international marketplace, specifically throughout the Persian community. This penetration will be extremely beneficial to UBC as we prepare for the public market," Ellis says.
The UIS buy is part of Universal Broadband's grand plan to purchase telecom assets to accelerate its VoIP efforts. In April, the telecom provider bought the assets of Monarch Communications, a telecom services reseller. In October 2001, the company snatched up certain assets of Norstar Communications, a privately held voice and data services provider.