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Birch Communications to acquire network assets from Covista Communications
Jan 03, 2013 (Datamonitor Financial Deals Tracker via COMTEX) --
Birch Communications, a provider of IP-based telecommunications and managed services, has signed a definitive agreement to acquire network assets and select customer from Covista Communications, Inc., a facilities-based telecommunications service provider. Both the companies are based in the US.
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Announced: 2013-01-02
Deal Participants
Target (Company) Covista Communications, Inc. - Network Assets
Acquirer (Company) Birch Communications
Vendor (Company) Covista Communications, Inc.
Deal Rationale
The acquisition will strengthen the breadth and scope of the Birch IP-Network and will further expand its hosted PBX, SIP trunking and wholesale service offerings
Further, Covista's Metaswitch-based facilities network, which has switching centers in Tennessee, New York City and Los Angeles, is complementary to Birch's current service footprint while also adds some new markets.
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