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.<\/p>\n
According to the report, the deal is pending regulatory approval.<\/p>\n
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.<\/p>\n
This was confrimed by WBS director, David Hilewitz, at the time.<\/p>\n
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.<\/p>\n
Notably, Multisource is no stranger to iBurst. In October 2013, Multisource acquired Neology, which has very close ties to iBurst.<\/p>\n
iBurst assets include spectrum in the 1,800MHz band, along with an established wireless network with high sites and an extensive microwave backhaul network.<\/p>\n
Multisource, meanwhile, focuses on the designing, building, operating, and federating of \u201cnext wave\u201d networks.<\/p>\n
These networks combine radio, wireless, voice, video, and IP technologies into a single, integrated communication network, the group notes.<\/p>\n
Multisource could not be reached for comment.<\/p>\n
Article courtesy of BusinessTech<\/a>.<\/p>\n Vodacom, iBurst WiMax winding down<\/strong><\/a><\/p>\n Broadband spectrum licensing one step closer to reality<\/strong><\/a><\/p>\nMore on WBS, iBurst<\/h3>\n