Primus acquires Arbinet

Wednesday 2 March 2011 | 06:17 CET | News
Telecommunications product and service provider Primus Telecommunications Group has completed its acquisition of global communications exchange service provider Arbinet. Pursuant to the definitive merger agreement dated 10 November 2010, which was further amended on 14 December 2010, it is anticipated that Arbinet stockholders will receive approximately 0.5817 shares of Primus common stock for each share of Arbinet common stock that they hold. Arbinet stockholders (by virtue of holding Arbinet common stock immediately prior to the effective time of the merger) now own approximately 25 percent

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Fixed
Companies: Arbinet / Primus Telecommunications
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Primus appoints Arbinet's Hill as general counsel, secretary

Published 30 Mar 2011 04:55 CET | World
Telecommunications product and service provider Primus Telecommunications has appointed Christie Hill as its general counsel and ...

Primus stockholders approve shares issue to buy Arbinet

Published 28 Feb 2011 07:02 CET | World
Telecommunications product and service provider Primus Telecommunications Group's stockholders have voted to approve the issue of ...

Primus, Arbinet to hold stockholders meeting on acquisition

Published 17 Jan 2011 08:57 CET | World
Telecommunications product and service provider Primus Telecommunications Group and global communications exchange service ...

Primus to buy Arbinet, sell certain European ops

Published 11 Nov 2010 15:29 CET | World
Telecom product and service provider Primus Telecommunications has entered into a definitive agreement to fully acquire global ...

Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Uniti Group Q4
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Crown Castle Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Elisa Q4 2021
27 Jan Comcast Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
28 Jan Charter Communications Q4
::: More Calendar Items