Sinch acquires Inteliquent for $1.14B to take on Twilio in the US

Sinch acquires Inteliquent for $1.14B to take on Twilio in the US

3 years ago
Anonymous $K6XgmDN5_o

https://techcrunch.com/2021/02/17/sinch-inteliquent/

After raising $690 million from SoftBank in December to make acquisitions, the Sweden-based cloud communications company Sinch has followed through on its strategy in that department. Today the company announced that it is acquiring Inteliquent, an interconnection provider for voice communications in the U.S. currently owned by private equity firm GTCR, for $1.14 billion in cash.

And to finance the deal, Sinch said it has raised financing totaling SEK8.2 billion — $986 million — from Handelsbanken and Danske Bank, along with other facilities it had in place.