Privately held IP voice and data supplier GENBAND made another aggressive M&A move today, snapping up Cedar Point. Cedar Point of course is the technology powering the voice offerings of many cable MSOs, including Comcast, Liberty, Charter and Kabel Deutschland but also many smaller providers as well. They do have other service providers on the rolls too, but the cables are their main customers. While GENBAND does serve the cable market already, they are clearly looking to bulk up on that front.
Last year, GENBAND purchased its own slice of the former Nortel assets, taking over their carrier VoIP business for $282M in an auction that never really heated up. They have likely have mostly integrated those assets into their business by now, so the timing was ripe for more action. On the voice suppliers front, GENBAND is obviously hungry for inorganic growth. I wonder what else might satisfy their appetite…
The deal is expected to close later this month, but details of the financials were not available.
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Categories: Mergers and Acquisitions · Telecom Equipment
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