Ubiquiti Networks announces $75M share repurchase program Ubiquiti Networks announced that its board has authorized the company to repurchase up to $75M shares of its common stock. We expect the share repurchase program will commence Monday, June 2. The share repurchase program will be funded primarily using proceeds from the company's existing credit facility.
Ubiquiti Networks announces distribution agreement with ECS Ubiquiti Networks announced a distribution agreement with ECS, a major technology distributor with over 24,500 active channel partners in China, Malaysia and the Philippines. The agreement represents a strategic move for Ubiquiti's expansion into Asian markets to bring its industry-defining broadband and enterprise solutions to customers by leveraging one of the strongest distributor networks in the region. By expanding their offerings to include Ubiquiti's leading edge platforms, ECS is providing its customers with a compelling choice for fixed-wireless broadband and enterprise technology.