Utilities M&A » By The Online Investor Staff, updated Sat., Apr. 20, 3:36 AM
Recent mergers and acquisitions in the Utilities M&A category.
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Slide #69. Tellza Communications Inc. — MatchCom LLC
Acquirer:
Tellza Communications Inc. (TEL.CA)
Acquiree:
MatchCom LLC
Details:
Tellza Communications Inc. (TSX:TEL) announced it entered into an agreement to acquire 90% of MatchCom LLC, A Florida company ("Matchcom"). The purchase consideration is $585,000 in cash and the issuance of five million common shares from treasury. Matchcom's (http://www.matchcoms.com) business is complimentary to Tellza's other brands and is expected to contribute $500,000 of profits annually. The transaction is expected to close in January 2014 and is subject to customary due diligence, regulatory approval, and the approval of Tellza's board of directors.
Tellza is engaged in the provision of call origination and delivery services on a network basis for switchless long distance resellers and Voice over Internet Protocol ("VOIP") service providers in Canada; and call delivery services for international carriers of all sizes who require this service for calls made to Canada originating on their networks. Co.'s network services include unlimited flat rate T1 or DS3 Canada On-Net Origination/Termination pricing; DID's for Origination from 40 major Canadian urban areas (Points-of-Presence) for Calling Cards, ANI Recognition and residential VoIP Customers; and toll Free 800 origination.
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