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Announced

Completed

CCP Capital Strategies completed the acquisition of Wireless Maritime Services from AT&T and Anuvu.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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communication networks

Majority

Friendly

Private Equity

United States

Internet

Acquisition

Domestic

Private

Completed

cellular communications

Single Bidder

Synopsis

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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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