Comwave Networks Inc. Completes Acquisition of Radiant Communications Corp.October 17, 2013
Comwave Networks Inc. (“Comwave”) completed a plan of arrangement with Radiant Communications Corp. (“Radiant”) whereby Comwave acquired all of the issued and outstanding shares of Radiant for cash consideration of $1.43 per Common Share or aggregate consideration of approximately $25.3 million.
Radiant is a leading provider of managed network and cloud hosting solutions for medium-size enterprises. Comwave has grown to become Canada’s largest privately-owned telecommunications company and Canada’s largest VoIP provider serving both consumers and businesses in Canada and the United States.
Wildeboer Dellelce LLP acted as counsel to Comwave with a team that included Rob Wortzman, Zahar Orlov (corporate/securities), Lisa Cunningham (secured lending) and Kevin Fritz (tax).