STB specialist Pace has completed the acquisition of 2Wire.  Broadband CPE manufacturer 2Wire has a number of clients in the tier-one telco market, particularly in the North American market, including AT&T.  The company was previously owned by a consortium which includes Alcatel-Lucent, AT&T, Telmex and Oak Investment Partners.

The deal is expected to make UK-based Pace the number one provider of telco residential gateways in the US and number three globally.  The deal is reported to be worth around $475 million.

Other posts by :

1. Inmarsat “likely to win appeal” over Ligado/AST action
2. FCC seeks fair play over foreign satellite access
3. Bank raises RocketLab target price
4. Paramount throws kitchen sink
5. Ukraine wants its own LEO system
6. SpaceX outlines Starlink cellular delivery plan
7. NAB vs CTIA on C-band release
8. Laser terminals to operate at 100x faster
9. Starlink success in Spain, but South Africa proves difficult

Categories: Articles, Business, M&A, STB