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January 2, 2013

Hawaiian Telcom buys Wavecom Solutions for $9.6m

The acquisition will enhance Hawaiian Telcom's network capabilities.

By CBR Staff Writer

Hawaiian Telcom has completed its acquisition of Wavecom Solutions, an information and communications technology company for approximately $9.6m.

Hawaiian Telcom said the fibre network of Wavecom Solutions will bolster its network capabilities.

The acquisition will enable Hawaiian Telcom to deliver new end-to-end applications to customers throughout Hawaii and drive long-term value for shareholders, the company said.

The transaction is expected to generate approximately $4.5m of annual free cash flow upon completion of integration activities.

Wavecom Solutions provides voice, data and converged services to small and medium-sized business and carrier customers.

Hawaiian Telcom president and CEO Eric K. Yeaman said: "By adding Wavecom Solutions’ fiber network and business capabilities to our technology and operations, we’ll enhance our ability to serve growing customer demand for high speed Internet bandwidth and advanced communications."

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