Announced
Completed
Financials
Tags
communication networks
Majority
Friendly
Private Equity
United States
Internet
Acquisition
Domestic
Private
Completed
cellular communications
Single Bidder
Synopsis
CCP Capital Strategies, a private equity investment firm, completed the acquisition of Wireless Maritime Services, a provider of maritime cellular networks enabling secure, high-performance connectivity at sea, from AT&T, a provider of telecommunications, media, and technology services, and Anuvu, a provider of high-speed connectivity and entertainment solutions. Financial terms were not disclosed. “This transaction is an important milestone for WMS, and we’re excited to partner with CCP to continue to deliver and innovate our best-in-class wireless offerings. Our focus will remain on our customers, employees and partners as we commence this new and exciting phase for WMS," Pramod Arora, WMS President & CEO.
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