Comcast Business Acquires Nitel

Cinven Invests in Nitel

November 18, 2021

Telecommunications

Cinven has agreed to make a significant majority investment in Nitel, a Chicago-based provider of managed internet connectivity, SD-WAN and managed cybersecurity services for multi-site SMEs. Financial terms were not disclosed; the deal is an acquisition from the founders and Cinven intends to support Nitel’s organic growth and buy-and-build strategy to expand into adjacent services.

Nitel Acquires Hypercore Networks

June 27, 2022

Telecommunications

Nitel, a Chicago-based Network as a Service (NaaS) provider, announced the acquisition of Garland, Texas-based Hypercore Networks. The deal — executed as part of Nitel's inorganic growth strategy following a Cinven investment — expands Nitel's U.S. footprint, accelerates international growth, and adds complementary capabilities including voice solutions and additional SD-WAN platforms.

Nitel Acquires WAN Dynamics

March 25, 2024

Telecommunications

Nitel has acquired Cleveland-based WAN Dynamics to strengthen its managed SD-WAN, network, and security capabilities. Operating under the Nitel brand, the transaction expands technical, management, and professional services resources as part of Nitel's growth strategy following Cinven's earlier investment.

NewNet to Acquire Nokia Siemens Networks' WiMAX Business

March 15, 2022

Telecommunications

NewNet Communication Technologies, a Skyview Capital portfolio company, announced plans to acquire the WiMAX business from Nokia Siemens Networks, including the full product portfolio, related employees and assets, and active customer and supplier contracts. Approximately 300 Nokia Siemens Networks employees (many in suburban Chicago, USA and Hangzhou, China) are expected to transfer; the deal was expected to close before December 31, 2011 and terms were not disclosed.

Comcast Business Acquires Masergy

October 8, 2021

Telecommunications

Comcast Business completed its acquisition of Masergy, a Plano, Texas-based provider of software-defined networking (SDN), managed network, cloud and security services. The deal expands Comcast Business's capabilities and channel distribution to better serve large and mid-size (including multi-site global) enterprise customers; financial terms were not disclosed.

Comstar Technologies Acquires Comtel VoIP, Inc.

October 8, 2020

Telecommunications

Comstar Technologies, a West Chester, Pennsylvania-based provider of telecommunications, managed IT, physical security, and audio-visual solutions, has acquired Comtel VoIP, Inc., a Tonawanda, New York-based hosted telephony provider. The acquisition expands Comstar's footprint in Pennsylvania and Western New York and broadens Comtel's solution portfolio beyond voice while keeping Comtel operating under its current name.