ADB Buys Pirelli Broadband Solutions

ADB Group (www.adbglobal.com) and Pirelli & Co. signed an agreement on ADB's acquisition of 100% of the shares of Pirelli Broadband Solutions. The cash and stock deal will total about EUR 30 million. The closing is expected to take place as soon as the trans...

ADB Group (www.adbglobal.com) and Pirelli & Co. signed an agreement on ADB's acquisition of 100% of the shares of Pirelli Broadband Solutions. The cash and stock deal will total about EUR 30 million. The closing is expected to take place as soon as the transaction has been cleared by the relevant anti-trust authorities.

Pirelli Broadband Solutions supplies broadband gateways, IPTV set-tops, fixed/mobile convergence devices and broadband systems management solutions to the telecom operators in Europe and Latin America.
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