Convergence technology company Multisource has reportedly succeeded in its bid to acquire iBurst parent company, Wireless Business Solutions (WBS), according to TechCentral, citing a source.
According to the report, the deal is pending regulatory approval.
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, at the time.
It was reported in October 2014 that Multisource was one of the companies who had put in a bid, pending a financial and operational due diligence.
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.
Multisource could not be reached for comment.
Article courtesy of BusinessTech.