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Stock Market & Financial Investment News

News Breaks
December 31, 2012
15:02 EDTHCOMHawaiian Telcom completes acquisition of Wavecom Solutions
Hawaiian Telcom Holdco announced that its Hawaiian Telcom, subsidiary has completed the acquisition of all of the capital stock of Wavecom Solutions. Hawaiian Telcom first announced the definitive purchase agreement to acquire Wavecom Solutions on July 12. It is estimated that the transaction will generate approximately $4.5M of annual unlevered free cash flow upon completion of integration activities as a result of net incremental revenues and EBITDA of approximately $7M and $3.5M, respectively, as well as network related capital expenditure synergies.
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