Unilava Corporation, a provider of advanced communications products, services and equipment that address the needs of businesses and consumers, reportedly has completed acquisition of IBFA Acquisition Company, LLC (IBFA), including the transfer of regulatory licenses in 41 states approved by the FCC (News - Alert).
IBFA, a licensed Competitive Local Exchange Carrier (CLEC), long distance provider and Internet service provider based in the Midwest since 1995, owns licenses to provide competitive local exchange services in 11 states, long distance services in 41 states and ISP services nationwide.
Thanks to the acquisition, Unilava Corporation will be able to market its various products and services to millions of targeted, potential customers.
Currently, more than 55,000 of the 4.5 million are already paying customers, and this acquisition now adds that many more customers to Unilava Corporation’s customer base.
The company officials said that the closing of this acquisition, which originated in 2008, comes after many months of due diligence and approval by the FCC.
“Now that the acquisition is complete and ownership of the regulatory licenses is in the Unilava Corporation name, we can continue to build value through organic growth and other acquisition opportunities with significant top-line revenue and positive EBITDA, while expanding our service offerings and broadening our customer base,” said Chris Chen, executive vice president of Unilava Corporation, in a statement.
Baldwin Yung, president and CEO of Unilava Corporation said that this acquisition provides an excellent platform for growth.
“We are confident in Unilava Corporation’s business strategy in expanding product and service offerings to our existing and future customers,” said Yung.
Recently Unilava Corporation had announced that it is adding a “Mobile Virtual Network Operator” (MVNO) business to its diverse line of telecommunications products and services.
The company’s MVNO business will become a new division and will enable the company to leverage its own infrastructure and capitalize on partnerships to provide small to large businesses and consumers CDMA, GSM, 3G and mobile convergent products.
The new division allows the company to offer attractive value-added services and content to fulfill its customer’s needs, while enhancing its brand. A contract with established network providers ensures radio access nationwide for reliable mobile coverage.
Anil Sharma is a contributing editor for TMCnet. To read more of Anil’s articles, please visit his columnist page.
Edited by Marisa Torrieri