iBurst bidder revealed: report

Convergence technology company Multisource has reportedly made an offer to acquire iBurst parent company, Wireless Business Solutions (WBS), according to TechCentral.

Multisource chairman Phumlani Moholi is cited as confirming that the group has put in an offer, but noted that the transaction was at a sensitive stage and bound by confidentiality, with no further information provided.

In September, MyBroadband reported that iBurst was in discussions with three different players regarding a possible acquisition deal, and was considering one offer made at the time.

This was confrimed by WBS director, David Hilewitz.

Notably, Multisource is no stranger to iBurst. In October 2013, Multisource acquired Neology, which has very close ties to iBurst.

iBurst assets include spectrum in the 1,800MHz band, along with an established wireless network with high sites and an extensive microwave backhaul network.

Multisource, meanwhile, focuses on the designing, building, operating, and federating of “next wave” networks.

These networks combine radio, wireless, voice, video, and IP technologies into a single, integrated communication network, the group notes.

Story courtesy of BusinessTech.

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iBurst bidder revealed: report