Hawaiian Telcom – HCOM- To Acquire Wavecom Solutions
Hawaiian Telcom Holdco (Nasdaq:HCOM), Hawaii’s leader in integrated communications solutions, today announced that its Hawaiian Telcom, Inc. subsidiary has signed a definitive agreement to acquire Wavecom Solutions Corporation’s competitive local exchange carrier (CLEC) business. The stock purchase transaction is valued at $13 million, subject to customary working capital adjustments at closing.
Wavecom Solutions, headquartered in Honolulu, is an information and communications technology company and a facilities-based CLEC, providing voice, data and converged services to small and medium-sized business and carrier customers. The company services more than 1,700 customers statewide through a six-island subsea and terrestrial fiber network.
With the addition of Wavecom Solutions, Hawaiian Telcom enhances its network capabilities by augmenting next-generation fiber capacity and diversity statewide. The enhanced capabilities will better position the company to deliver next generation, end-to-end solutions for customers throughout Hawaii.
“Wavecom Solutions and Hawaiian Telcom have been collaborating for years to serve growing customer demand for high speed Internet bandwidth and advanced communications,” stated Eric K. Yeaman, President and CEO of Hawaiian Telcom. “By integrating Wavecom Solutions’ six-island subsea and terrestrial fiber network and business capabilities with the strength of Hawaiian Telcom’s technology and operations, we’ll be better positioned to execute on our strategic plan and drive long-term value for shareholders.”
About Hawaiian Telcom – HCOM
Hawaiian Telcom Holdco, Inc., (HCOM) headquartered in Honolulu, is Hawaii’s leading provider of integrated communications solutions for business and residential customers. With roots in Hawaii beginning in 1883, HCOM offers a full range of services including voice, video, Internet, data, wireless, and advanced communication and network services supported by the reach and reliability of its network and Hawaii’s only 24/7 state-of-the-art network operations center. With employees statewide sharing a commitment to innovation and a passion for delivering superior service, HCOM provides an Always OnSM customer experience.
About Wavecom Solutions
Wavecom Solutions Corporation is an Information and Communications Technology (ICT) company and a facilities-based competitive local exchange carrier (CLEC), providing voice, data and converged services to small and medium-sized business and carrier customers. Founded in Honolulu, Hawaii in 2001, Wavecom Solutions has grown from its network-based communication roots to add innovative, enterprise-level managed services and cloud-based solutions that meet the needs of businesses of all sizes. Unique solutions architecture allows customers choice in how to receive services. Wavecom Solutions’ managed virtualized services can be delivered from its carrier grade facilities, or Wavecom Solutions can install and manage them on the customers’ sites. Serving Hawaii, the U.S. Mainland, and the greater Asia-Pacific Region, Wavecom Solutions is an ICT company that is committed to its customers’ success.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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