IIRC, Next web is a Axcellera shop …
nice price tag for a unlicensed WISP. Gino A. Villarini, Aeronet Wireless Broadband Corp. 787.767.7466 From:
[EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Eric DaVersa Some good industry news this morning
– adds some substance to WISP valuations. We do work with both of
these companies so there’s some personal reward here. Of course
that places us under confidentiality and limited in commentary.
<grin> -Eric Covad to acquire NextWeb for
$23 mln Wed Oct 5, 2005 06:56 AM ET Oct 5 (Reuters) - Covad Communications Group
(DVW.A: Quote,
Profile,
Research)
, a provider of integrated voice and data communications, on Wednesday said it
agreed to acquire Internet provider NextWeb Inc. for about $23 million in cash
and stock. Covad also said it would assume $1.7 million in net debt under the
deal.
"Our acquisition of NextWeb accelerates
Covad's entry into the emerging wireless broadband market," Covad Chief
Executive and President Charles Hoffman said in a statement. The deal, which includes $4 million in cash and $19 million in
Covad shares, is expected to close by the end of the year. Covad said a portion of its shares to be issued would be
restricted from sale in the open market for a period of time. Privately held NextWeb is Shares in Covad closed at $1.05 on Tuesday on the American Stock
Exchange. (Reporting by Renu Pariyadath in Eric DaVersa Vice-President, Business Development NetLogix OFFICE: 858.764.1998 CELL: 858.245.6702 FAX: 858.764.1982 |
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