VoIP Inc. on Monday said it planned to acquire privately held DTNet Technologies in an all-stock deal.
Under the agreement, VoIP will acquire the Tampa, Fla.-based maker of cable and DSL equipment for 2.5 million common shares of VoIP. Based on VoIP's closing price of $3.25 on Friday, the deal is valued at $8.1 million.
DTNet sells customer-premise equipment to cable and DSL Internet-service providers in North America. Company sales have increased from about $2 million in 2001 to $4.7 million last year, VoIP officials said. DTNet's customer base includes Time Warner, Cox, Comcast, and CableVision.
VoIP, based in Fort Lauderdale, Fla., sells Internet-based telephone equipment and services, as well as high-speed wireless technology.
Subsea cable alternatives can provide a level of comfort for those concerned about disruptions. Realistically, they will continue to play a small, but critical role in the short term.
Maintaining existing network infrastructures often incurs huge technical debt before newer technologies are adopted over time.
Amid ongoing regional uncertainties, telecom infrastructure in the Middle East has expand to include terrestrial low-latency network infrastructure, which offers resilience and agility in navigating political complexities without relying solely on undersea networks.
