Telrite Holdings Acquires Locus Telecommunications (H2O Wireless)
March 19, 2019
Telrite Holdings has acquired Locus Telecommunications and its H2O Wireless brand following FCC approval, positioning Telrite as a leading prepaid mobile virtual network operator (MVNO). Locus will continue operating from its Fort Lee, New Jersey base with roughly 200 employees, while customers and distributors gain access to Telrite's expanded offerings and operational infrastructure.
- Buyers
- Telrite Holdings
- Targets
- Locus Telecommunications, H2O Wireless
- Industry
- Telecommunications
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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