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Enablence to buy Teledata Networks

Thu, 04/15/2010 - 8:05am
Mike Robuck

Canada’s Enablence Technologies, which is a fiber-to-the-premises equipment provider, said today that it is buying Israel-based Teledata Networks.

Enablence said it would pay $10 million in cash, as well as $10 million in secured notes that will be payable over two years.

The company will add another $30 million of its common shares at the closing based on a pricing formula in the agreement. The closing date will depend on statutory approvals in Israel, Enablence said.

“With this merger, Enablence will become a strategic player in the global broadband market, with the critical mass to meet the needs of service providers in established and emerging markets and the ability to service Tier 1 operators internationally,” said Arvind Chhatbar, chairman of Enablence.

Teledata is a provider of products and solutions that help telecom providers to smoothly migrate to next-generation networks. Teledata has accumulated a wide installed base, spanning millions of lines in more than 55 countries worldwide, including Brazil, Chile, Costa Rica, Kazakhstan and South Africa, many of which are Tier 1 service providers.

More Broadband Direct 4/15/10:
•  Motorola prepping green DVRs for FiOS
•  Canoe hires Broussard, creates VP of research, analytics position
•  Broadband on powerline standards to be bridged
•  Spectrum inventory, Caller ID bills pass House votes
•  Georgia House OKs telecom bill with protections
•  SCTE offering course on IPv6 transition
•  Verizon Business beefs up cloud computing
•  Verizon breaks ground on LTE center
•  Enablence to buy Teledata Networks
•  Israel bans imports of Apple iPad

 

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