UNIFI Communications Acquires WIS Telecom
UNIFI Communications, Inc., a leading US-based international telecommunications carrier, announced today that it has acquired 100 percent of WIS Telecom S.p.A. and its subsidiary, WIS Telecom S.A., from Libero Acquisition S.a.r.l., an investment vehicle of Orascom TMT Investments S.à r.l.
“This acquisition will be highly synergistic for us,” Adrian Shatku, UNIFI’s founder and CEO said in a statement, “because UNIFI and WIS have similar core businesses, networks, geographic compliments and customers, and combining the two will expand our footprint, yield operating cost savings and enable provision of higher quality services to the wholesale voice market. Overall, it will greatly accelerate the growth of our business.”
Mr. Shatku noted that WIS is ranked by Telegeography as the 15th largest international carrier worldwide, the company offers a comprehensive portfolio of international voice, data and IP solutions to meet the needs of both fixed and mobile operators, on a network that includes more than 150 interconnections with mobile operators and Tier-1 carriers in 70 countries. WIS services are supported by an international backbone connecting voice switches to the major telehouses in the United States, United Kingdom, Hong Kong, Italy, Greece, Germany, France and Belgium. WIS also owns a submarine cable between Italy and Greece.
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