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Broadband

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

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Categories: Fixed
Companies: Arbinet / Primus Telecommunications
Countries: World
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