Call/text: +1 (604) 337-7899

Broadband Internet provider Covad Communications (Quote, Chart) is strengthening its commitment to offering phone calls over the Internet — known as voice over IP — with an acquisition.

The San Jose, Calif.-based company Wednesday said its will purchase privately owned GoBeam for $48 million in stock. Pending regulatory approval, the deal should be completed in May of this year. In a statement, Covad warned that the accelerated roll out of its VoIP (define) services would have an impact that has yet to be evaluated on the company’s cash flow.

more..

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from - Youtube
Vimeo
Consent to display content from - Vimeo
Google Maps
Consent to display content from - Google
Spotify
Consent to display content from - Spotify
Sound Cloud
Consent to display content from - Sound