42com Telecommunication GmbH announces the strategic asset acquisition of Vodacode Inc., one of the leading US operators specializing in international and domestic voice traffic.
Berlin, Germany, 27 October 2021 – 42com Telecommunication GmbH (42com), a German land line telecom operator focussed on carrier-to-carrier business, is pleased to announce that it has entered into an asset purchase agreement with Vodacode Inc. (Vodacode) to acquire substantially all of its assets in a cash transaction. The acquisition will take effect from the 1st of December 2021.
42com has always admired Vodacode’s business model and market reputation. After significant discussions, numerous mutual benefits, synergies and shared values were identified that would be enhanced by merging the two businesses. The acquisition advances 42com’s strategy to acquire and develop underutilized assets that provide material upside under current market conditions.
‘The acquisition will enhance 42Com’s origin-based routing and pricing capabilities in Europe and North America and expand its global reach, creating a strong telecom network in the US, Caribbean, Central and South America. 42Com is focused on opportunities to grow through a targeted consolidation strategy, yielding both incremental financial and operational synergies” says 42com CEO, Alberto Grunstein.
‘Vodacode is excited at the prospect of having 42com as the new owner of a great business, that we have spent the last 12 years expanding and nurturing. We believe that the two entities are a great fit and that the capabilities and relationships that our organization will bring to 42com will be a game changer for the company’ says Thomas Whinerey, Manager at Vodacode.