PE-backed Telecon buys wireless network construction assets from Netricom
Telecon Group, a specialist in the design, construction, maintenance and repair of communications infrastructure, has purchased some assets and business activities from the wireless network construction unit of Netricom. The financial terms of the deal were not published. Founded in 1967, the Trois-Rivières, Québec-based Telecon is a portfolio company of Capital régional et coopératif Desjardins, a private equity fund managed by Desjardins Capital de risque, and pension fund manager the Caisse de dépôt et placement du Québec. The Caisse de dépôt and Desjardins made a joint $60 million investment in Telecon in Dec. 2011.
2 December 2013•2 mins read
