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.

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