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TMCNet:  Birch Communications to acquire network assets from Covista Communications

[January 03, 2013]

Birch Communications to acquire network assets from Covista Communications

Jan 03, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Birch Communications, a provider of IP-based telecommunications and managed services, has signed a definitive agreement to acquire network assets and select customer from Covista Communications, Inc., a facilities-based telecommunications service provider. Both the companies are based in the US.

Deal Type Acquisition Sub-Category Asset Purchase Deal Status Announced: 2013-01-02 Deal Participants Target (Company) Covista Communications, Inc. - Network Assets Acquirer (Company) Birch Communications Vendor (Company) Covista Communications, Inc.

Deal Rationale The acquisition will strengthen the breadth and scope of the Birch IP-Network and will further expand its hosted PBX, SIP trunking and wholesale service offerings Further, Covista's Metaswitch-based facilities network, which has switching centers in Tennessee, New York City and Los Angeles, is complementary to Birch's current service footprint while also adds some new markets.

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