Pareteum buys iPass in all-stock transaction

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(Telecompaper) MVNE Pareteum has agreed to buy global Wi-Fi provider iPass in an all stock transaction. Pareteum said the acquisition will give it new marquee brands and markets including the enterprise, airline, hospitality, retail and internet of things (IoT) sectors, as well as over over 40 US and international patents. After the deal, the company said it will have over 500 new customers and a global network of over 68 million Wi-Fi hot spots, plus new offices and personnel in Silicon Valley, California and Bangalore, India. 
Source: Industry News (syndicated from Telecompaper.com)

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