View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 21, 1997updated 03 Sep 2016 7:17pm


By CBR Staff Writer

US long distance business carrier Tel-save Holdings Inc, which has already put in two recent acquisition bids that have both been trumped by competitors bids, has finally managed to acquire a telecoms company. Although this time the Tele-Save hasn’t managed to buy a telecoms operator, and has instead got a telecoms equipment manufacturer and software developer Symetrics Industries Inc for $24.4m in cash, and in the absence of regulatory problems, the deal is due to be completed in January. Tel-Save was trumped trying to buy ACC Corp for $875m, by a $1bn offer from Teleport Communications Group Inc, and it failed to take over Shared Technologies Fairchild Inc when it was bought Intermedia Communications Inc.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.