Marlin Equity Partners said Monday it’s buying Tellabs...
Marlin Equity Partners said Monday it’s buying Tellabs for $891 million. Tellabs, which provides network equipment to Vodafone, Telecom Italia and other wireless carriers and network providers, had reported a net loss of $8 million in the last quarter and…
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reduced its staff by 500 workers last year. Marlin co-founder Nick Kaiser said in a statement the company views the purchase as “an ideal opportunity to capitalize on the growth in the telecom network equipment sector.” The deal is expected to close by year’s end (http://bit.ly/19oNZZr).