M&A Deal Summary

Fairpoint Communications Acquires Communication Technology

On August 10, 2016, Fairpoint Communications acquired communications company Communication Technology

Acquisition Highlights
  • This is Fairpoint Communications’ 1st transaction in the Communications sector.
  • This is Fairpoint Communications’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-08-10
Target Communication Technology
Sector Communications
Buyer(s) Fairpoint Communications
Deal Type Add-on Acquisition

Target

Communication Technology

Falmouth, United Kingdom
Communication Technology, Inc. is a provider of communication services in UK.

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Buyer(S) 1

Buyer

Fairpoint Communications

Charlotte, North Carolina, United States

Category Company
Founded 1991
Sector Communications
Employees3,052
Revenue 859M USD (2015)
DESCRIPTION
Entrance to Fairpoint Communications' corporate headquarters in Charlotte, North Carolina.
Entrance to Fairpoint Communications' corporate headquarters in Charlotte, North Carolina.

Fairpoint Communications, Inc. is a provider of advanced data, voice and video technologies to single and multi-site businesses, public and private institutions, consumers, wireless companies and wholesale re-sellers in 17 states. Fairpoint was formed in 1991 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-23 Payphone Business / Fairpoint Communications

North Carolina, United States

The Payphone business includes 4,000 pay phones in the northeastern part of the US.

Sell -