Stonehenge Telecom to acquire Supranetcom and Annecto
Stonehenge Telecom has entered into two definitive agreements to acquire France’s Supranetcom and the UK’s Annecto Telecom.
The agreements, which involve the payment of both cash and stock, were reached at International Telecoms Week (ITW) in Chicago.
Stonehenge said that the impending transactions reflect its ongoing commitment to stay ahead of market demand by growing its suite of products and services for wholesale and retail customers.
“These two very unique strategic acquisitions complete an essential element to expanding Stonehenge’s global footprint, as well as augmenting our already strong growth in the wireless, wholesale voice termination, technology and soft-switch sectors,” said Patrick Willemsen, president and CEO at Stonehenge Telecom.
Each organisation is expected to operate under its current trade name and management team, with the integration of operations, accounting, marketing and sales distribution to take place over the coming months.
The details of the transaction will be released at a later date.