Telecommunications Acquisitions in California

VIAVI Solutions Inc. completed the all-cash acquisition of Spirent Communications plc’s high‑speed ethernet, network security and channel emulation testing business from Keysight Technologies, Inc. for $425 million. The deal is expected to add roughly $180 million of Network Service Enablement revenue in the first 12 months, be accretive to non‑GAAP EPS within 12 months, and was partially financed by a $600 million senior secured term loan led by Wells Fargo.

TAK Broadband has acquired Gulbranson Services, Inc. (GSI), a Victorville, California-based telecommunications contractor that provides drop bury, maintenance and fiber-to-the-home construction services, from founder Bob DeLaHoussaye. The deal is an accretive tuck-in to TAK (which is PE-backed by Platinum Equity) to strengthen TAK's Southern California presence and expand its FTTH construction and maintenance capabilities.

Hewlett Packard Enterprise (HPE) completed its all-cash acquisition of Juniper Networks for $40.00 per share (approximately $14 billion equity value), combining Juniper's AI-native networking capabilities with HPE's hybrid cloud and AI portfolio. The deal doubles HPE's networking business, is expected to be accretive to non-GAAP EPS in year one, and positions the combined company to deliver an end-to-end, AI-driven networking stack for enterprise, service provider, and cloud customers.

Zadarma, a European VoIP provider, has acquired 100% of VoIPVoIP (the consumer division of Kosmaz Technologies LLC) to expand its presence in the North American market. The deal gives VoIPVoIP customers access to Zadarma's cloud PBX, virtual numbers and analytics while providing Zadarma FCC-approved, USA-based operations and local reliability.

Inseego Corp. completed the sale of its global telematics business to Ctrack Holdings, a portfolio company of Convergence Partners, for $52 million in cash. The divestiture lets Inseego focus on its core 5G business and repay debt, while Ctrack expands its telematics capabilities and geographic footprint across the UK, EU, Australia and New Zealand.

Nokia completed the acquisition of Infinera, closing the transaction on 28 February 2025. The deal values Infinera at an enterprise value of approximately US$2.3 billion (US$6.65 per share) and is intended to create a scaled optical-networks business to accelerate product roadmaps, expand webscale presence and capture EUR 200 million of net operating synergies by 2027.

Australian data centre operator Edge Centres has acquired US colocation and bare-metal provider QuadraNet, adding 10 facilities to its US footprint and increasing Edge’s presence across nine US metro areas. Terms were not disclosed; Edge Centres will merge certain LA assets and appoint its CTO Kiarash Jahangiri as QuadraNet CEO to oversee operations.

Vertus Group, a division of Jonas Software, has acquired Tangerine Global, a Simi Valley–based provider of IPTV/OTT platforms and network services. The acquisition adds a Media Solutions vertical to Vertus Group’s portfolio and expands its product offerings in the hospitality and residential markets.

AFL, a Spartanburg, South Carolina-based manufacturer and services provider in fiber optics, has acquired Forza Telecom (operating as DGP / DAS Group Professionals), a Walnut Creek, California–based provider of distributed antenna system (DAS) installations for large sports venues. The deal expands AFL's wireless services portfolio and DAS capabilities while strengthening its presence in U.S. sports-venue wireless networking, particularly in the West, Southwest and Southeast.

Vontas, a Modaxo company, has acquired Orion Labs, a San Francisco–based voice-first collaboration and voice-AI platform. The acquisition adds Orion’s push-to-talk, location services, and AI-powered voice capabilities to Vontas’ OnTransit ITS solution to improve communications and situational awareness for transit agencies.

Ceragon Networks Ltd. completed its acquisition of Siklu, a provider of multi‑Gigabit mmWave "wireless fiber" connectivity, in a transaction with an enterprise value of approximately $13–15 million. The deal (partly paid with ~1.5 million Ceragon shares and assumption of ~$10–12 million of liabilities) is intended to expand Ceragon's mmWave and Fixed Wireless Access capabilities and increase its presence with private networks and small service providers in North America.

Gigstreem, a national provider of residential and commercial broadband networks, has acquired Southern California internet service provider Warp2Biz to expand its network footprint in the greater California region. The acquisition will enable Gigstreem to directly control service quality in Los Angeles and Orange County and accelerate coast-to-coast network expansion.

JLC Infrastructure, the Magic Johnson and Loop Capital-backed infrastructure investor, has made a minority growth investment in GeoLinks to support the company's nationwide expansion of fixed wireless broadband. The capital will help GeoLinks scale its ClearFiber technology and spectrum footprint to serve additional urban, suburban, rural and government customers across the United States.

Optimal Investment Group (OIG), a Sherman Oaks, California private equity firm, completed a follow-on Series B investment in Peltbeam, Inc., a Newport Beach 5G mmWave technology company. OIG was the sole outside investor in both Peltbeam's Series A and remained the only outside investor in the Series B round to support the company's development of smart repeaters and mmWave solutions.

T-Mobile US agreed to acquire Ka'ena Corporation and its brands Mint Mobile, Ultra Mobile, and wholesaler Plum for up to $1.35 billion in a mix of cash and stock. The deal will bring the D2C prepaid brands and wholesale capabilities onto T‑Mobile’s nationwide 5G network while keeping the brands as a distinct business unit and retaining key founders and creative partners.

Funds managed by SDC Capital Partners have acquired a majority interest in Cityside Networks, a fiber-to-the-premise (FTTP) provider headquartered in Orange County (Irvine), California. The investment provides growth capital to accelerate Cityside's fiber network buildout and expand its Cityside Fiber residential, business and wholesale offerings across Southern California.

Pfingsten, an operationally focused private equity firm, acquired Tempest Telecom Solutions, a US-based provider of network telecommunications equipment distribution and repair services, on December 2, 2022. Pfingsten plans to scale Tempest as a platform, expanding its technical service and product distribution capabilities organically and via add-on acquisitions.

Knightscope, Inc. has acquired CASE Emergency Systems in an asset purchase intended to expand Knightscope's product portfolio and nationwide physical footprint. The acquisition gives Knightscope access to CASE's 7,000+ deployed blue light towers and emergency call box devices, relationships with major public-safety clients, and production/logistics facilities across multiple states.

Telit has acquired group assets from California-based startup Mobilogix to add custom IoT device design and engineering capabilities. Mobilogix personnel and offices will relocate into Telit's Irvine headquarters, expanding Telit's end-to-end IoT solution offering and speeding customers' time-to-market.

Transaction Network Services (TNS) has acquired AGNITY Global, a provider of carrier-grade communication application server software and telecom applications. The acquisition expands TNS' Communications Market capabilities, adding AGNITY's channel partnerships, 5G-ready applications and development resources in the US and India to accelerate product rollout and carrier modernization efforts.

Arista Networks has acquired Pluribus Networks and will fold Pluribus' Unified Cloud Fabric technology into Arista's new Unified Cloud Fabric offering to run software-defined networks across switches, servers and DPUs. The deal gives Arista accelerated capabilities in SDN and a foothold in the telco market through Pluribus' existing telco partnerships.

Limelight Networks completed the acquisition of Yahoo's Edgecast and the combined company rebranded as Edgio. The transaction includes a $30 million cash investment from Apollo Funds, gives Yahoo ~80.8 million Limelight shares (valuing Edgecast at roughly $300 million on a trailing VWAP), and is expected to deliver more than $50 million of annual run-rate cost synergies while expanding Edgio's scale and edge-enabled capabilities.

Beacon Communications LLC, a Littleton, Colorado–based critical communications and security provider, has acquired Comtel Systems Technology, a family-owned communications and security systems integrator serving Northern California. The deal brings Comtel's ~87 employees and expertise in healthcare, education and commercial systems into Beacon's platform to expand its capabilities and presence in Northern California.

Grain Management, a private investment firm focused on broadband and communications, has acquired LightRiver's Technologies & Software entities from CVF Capital Partners and Plexus Capital. The deal expands Grain's presence in network services and software—LightRiver provides optical network integration, deployment services and the netFLEX network automation software—financial terms were not disclosed.

UPSTACK acquired Meridian Network Services, a California-based full-service telecommunications agency, and named Meridian founder Stacey Dupree as a partner. The deal is part of UPSTACK's strategy to expand its internet infrastructure advisory platform and follows earlier investment from Berkshire Partners and $100 million in financing secured to scale the platform.

Digerati Technologies, Inc. (OTCQB: DTGI) has completed the acquisition of San Diego-based NextLevel Internet, a provider of UCaaS, contact center and managed broadband services for SMBs. The deal adds nearly 1,000 West Coast SMB customers to Digerati's operating subsidiaries, increases consolidated annualized revenue to about $31.5 million, and brings NextLevel's president Derek Gietzen onto Digerati's executive management team.

NEC Corporation signed a definitive agreement to acquire Blue Danube Systems, Inc., a U.S.-based provider of CBRS/4G/5G RAN products and AI/ML-based software, to strengthen NEC's Open RAN and 5G product portfolio. The acquisition is intended to expand NEC's customer support capability and North American R&D/assets, with closing expected around March 2022 pending regulatory approval.

Zayo Group Holdings, Inc. has acquired QOS Networks, a leading SD-WAN and edge managed services provider, from majority owner M/C Partners. The deal brings QOS's AIops-driven SD-WAN and edge capabilities into Zayo's fiber and network portfolio to expand its edge-to-cloud managed services for enterprise customers; financial terms were not disclosed.

Synaptics Incorporated completed the acquisition of DSP Group, a provider of voice processing and wireless chipset solutions, in an all-cash transaction valued at approximately $549 million. The deal adds DSP Group's SmartVoice and ULE wireless technologies to Synaptics' portfolio, bolstering low-power edge AI and connectivity capabilities and enabling cross-selling opportunities.

OptConnect, a portfolio company of Graham Partners, has acquired Silicon Valley-based Premier Wireless Solutions (PWS). The deal brings PWS's IoT network deployment, hardware distribution, and services capabilities into OptConnect's Connectivity-as-a-Service platform to expand product lines, managed services, and end-market reach.

Integrated Tactical Technologies (iT2) has launched via the acquisition of Sonitus Technologies and a manufacturing partnership with Bluewater Defense to develop miniaturized wearable communication and sensing systems for defense, commercial and consumer markets. The deal combines Sonitus' proprietary Molar Mic communications and biometric sensing platform, standing contracts and IP with Bluewater Defense's apparel manufacturing and supply-chain capabilities; terms were not disclosed.

BAI Communications has completed the acquisition of Mobilitie, a leading privately held U.S. wireless infrastructure company, from Shamrock Capital. The deal brings Mobilitie’s portfolio — including 220 venue DAS networks, ~10,000 small cells and ~300 tower sites plus transit contracts — into the BAI Group to expand its neutral-host 5G and connectivity footprint across North America.

O2 Investment Partners has made a significant growth investment in unWired Broadband LLC, partnering with the company's management to support rapid growth and targeted M&A. unWired Broadband is a Fresno, California–based fixed wireless internet service provider serving rural and underserved markets across the Central Valley with over 167 towers and roughly 22,000 customers.

Synoptek has acquired Juxto's real-time communications business and customers, forming a new Real-Time Communications (RTC) practice within its Workforce Productivity offering. The deal brings Juxto's carrier-grade, cloud-engineered voice network and Teams Voice expertise into Synoptek to expand its enterprise RTC and managed communications services.

Radius Payment Solutions has acquired Modus, a Huntington Beach, California–based insuretech and telematics provider, to strengthen its connected vehicle and insurance-linked app capabilities in North America. The deal brings Modus' app-only tracking technology and team into Radius' global telematics portfolio; Stephens Inc. acted as exclusive financial advisor to Radius.

Ranch Creek Partners has made an equity investment in Orange, California-based InSite Telecom LLC with True West Capital Partners providing debt and equity financing. The capital will support InSite's growth—expanding service offerings and geographic reach across Southern California and beyond as the company scales to meet rising demand from 5G deployments.

Global Eagle Entertainment completed a court‑approved sale of substantially all of its assets to a group led by its first‑lien investors, emerging from Chapter 11 with new ownership and $217.5 million of exit financing. The transaction reduced the company's debt, provided fresh liquidity, and refocused operations on mobility markets (aviation, maritime and energy), while its legacy NGO and African fixed‑site land operations were sold to Marlink AS.

Wave Broadband, a division of Astound Broadband, has acquired Digital West Holdings, Inc., a San Luis Obispo-based provider of fiber optic connectivity, colocation, cloud and telephony services for business customers on California's Central Coast. Digital West's leadership will remain in place as the business operates within Wave Business Solutions to expand service offerings and accelerate network growth in the region.

M/C Partners, a Boston-based private equity firm, has acquired Bel Air Internet, LLC (BAI) and will combine it with AerioConnect and Metro Fiber to form a larger regional ISP serving the greater Los Angeles market. Bel Air Internet provides internet, voice and video services to over 800 multi-family and commercial buildings in Los Angeles; the deal is an add-on to expand the AerioConnect platform and accelerate MDU broadband growth in Southern California.

AerioConnect, backed by private equity firm M/C Partners, has acquired Metro Fiber LLC, a Los Angeles–based internet service provider serving multi-family residential (HOA) communities. The acquisition, which closed after M/C Partners' September 30, 2020 investment in Aerio, expands Aerio's customer base and depth in the greater Los Angeles broadband market.

Oak Hill Capital has entered into a definitive agreement to form a partnership with Race Communications, a family-owned fiber-to-the-premises operator, to accelerate expansion of Race’s fiber network across California. The deal (subject to customary regulatory approvals) will support Race’s plans to extend high-speed fiber-to-the-home services to additional unserved and underserved communities while Race’s management team remains in place.

Affiliates of Newlight Partners LP have made an undisclosed equity investment in Sail Internet, a San Francisco Bay Area fiber- and wireless-based high-speed internet provider. The capital will support Sail’s network expansion across the Bay Area and enable growth through organic initiatives and potential strategic acquisitions; existing investors including Ulu Ventures, Engineering Capital and Better Ventures are maintaining their stakes.

GeoLinks, a Camarillo, California-based fixed wireless and CLEC provider, has received a significant minority investment from a group led by Rock Mountain Capital. The growth capital will fund accelerated network expansion, support strategic acquisitions and streamline internal growth and operations as GeoLinks scales its ClearFiber+ deployment and broader coverage.

Funds managed by SDC Capital Partners acquired a minority interest in Bandwidth Infrastructure Group, providing growth capital to support expansion of the company’s dark fiber network across Northern California and Greater Atlanta. Columbia Capital will remain the majority shareholder following the transaction. Bandwidth IG, founded in 2019 and headquartered in San Jose, California, supplies underground dark fiber connectivity to data centers, hyperscalers and enterprises.

M/C Partners, a Boston-based private equity firm focused on communications and IT services, completed the acquisition of AerioConnect, LLC, a Los Angeles-based ISP serving multi‑family and commercial buildings, on September 30, 2020. M/C intends to build Aerio into a platform for residential and commercial broadband in the greater Los Angeles market, investing in products and services and pursuing geographic expansion and additional acquisitions.

Bow River Capital has acquired NextEdge Networks Holdings and its subsidiary Modus from Titan Grove Holdings, with Platform Partners and Modus management investing alongside. Modus is a leading U.S. 5G infrastructure services provider specializing in small cell deployment, site acquisition, design & engineering, construction, installation and maintenance to support the nation's 5G buildout.

COMSovereign Holding Corp. agreed to acquire all equity interests of Skyline Technology Partners, LLC d/b/a Fastback Networks for approximately $14 million in cash and debentures (including convertible debentures). The acquisition adds Fastback's intelligent backhaul radios, operations, customers and a portfolio of patents (65 granted, 12 pending) to COMSovereign's 5G connectivity and wireless backhaul product and IP portfolio, broadening its capabilities for Tier-1 and private 5G deployments.

Alliant Networks, a Temecula-based telecommunications construction and integration firm, has acquired 4G Underground Construction, LLC, an underground boring, excavation and utility services contractor based in Menifee, California. The deal expands Alliant's in-house capabilities for 5G network builds and lets the company offer end-to-end services to major wireless carriers and tower owners.

Hewlett Packard Enterprise (HPE) has entered into a definitive agreement to acquire SD-WAN leader Silver Peak for approximately $925 million in cash. Silver Peak will be combined with HPE's Aruba business unit to extend Aruba's Edge Services Platform and accelerate HPE's edge-to-cloud networking strategy; the deal is expected to close in HPE's fiscal Q4 2020 subject to regulatory approvals.

QualTek, a Brightstar Capital Partners portfolio company, has acquired Vinculums Services, a telecom infrastructure services provider based in Irvine, California. The add-on expands QualTek's wireless services capabilities and provides a platform to support significant 5G roll-out and related site development across the Western United States.