Hawaiian Telcom (HCOM) to Acquire Wavecom Solutions Corporation's CLEC Business
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Hawaiian Telcom Holdco (Nasdaq: HCOM) has signed a definitive agreement to acquire Wavecom Solutions Corporation's competitive local exchange carrier (CLEC) business. The stock purchase transaction is valued at $13 million, subject to customary working capital adjustments at closing.
Hawaiian Telcom expects to finance the transaction with existing liquidity using cash on hand.
Hawaiian Telcom estimates the transaction will generate approximately $4.5 million of annual unlevered free cash flow upon completion of integration activities as a result of net incremental revenues and EBITDA of approximately $7 million and $3.5 million, respectively, as well as network related capital expenditure synergies.
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Hawaiian Telcom expects to finance the transaction with existing liquidity using cash on hand.
Hawaiian Telcom estimates the transaction will generate approximately $4.5 million of annual unlevered free cash flow upon completion of integration activities as a result of net incremental revenues and EBITDA of approximately $7 million and $3.5 million, respectively, as well as network related capital expenditure synergies.
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