GlobalCom acquired Cablevision through its subsidiary Econet. Cablevision is a major wireless channel distribution company. The two entities will merge in 2018. The deal is estimated at $10 million. None of the parties will confirm the value of the transaction.
Habib Torbey, CEO at GlobalCom Holding, said that Econet will achieve a substantial increase in its market share through the acquisition. Collective number of subscribers for both companies reaches now 42,000, as the acquired clien...
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