Samsung acquires NewNet Canada from Skyview affiliate
Samsung Electronics Canada Inc has bought NewNet Communication Technologies (Canada) Inc, which operates the rich communications services (RCS) business of NewNet Communication Technologies BV. No financial terms were disclosed. Halifax-based NewNet Canada will continue to operate independently as a Samsung subsidiary, helping its parent to accelerate the deployment of RCS-enabled networks. Lombard, Illinois-based NewNet, a telecommunications solutions provider, is backed by U.S. private equity firm Skyview Capital.
15 November 2016•2 mins read
