WeiTel to Buy Jensen

WeiTel signs letter of intent to acquire Jensen Communications Corp.

January 16, 2008

1 Min Read

KING OF PRUSSIA, Pa. -- Weintraub Telecomm, LLC (WeiTel) announced today that it has signed a Letter of Intent to acquire the business of Jensen Communications Corp. (JCC). The transaction, projected to close in the first quarter of 2008, is subject to the completion of a definitive purchase agreement between the companies.

JCC, located in Phoenix Arizona, provides CATV design, drafting and mapping services for major North American cable companies and selected commercial customers. These services assist customers in the build, rebuild and upgrade documentation of their outside physical plant which is required to support current and planned technology changes and maintenance. In addition, JCC provides services to cable companies that assist in the identification and penetration of the commercial services market. This is a high growth market driven by the cable industry's emerging strategy of offering voice, video and data capabilities to commercial customers.

According to WeiTel President and CEO Bruce A. Weintraub: "JCC's success and capabilities fit well with our growth strategy. Merging the JCC operations with WeiTel is a perfect fit, strengthening our strategy of offering a portfolio of high value engineering services to the telecommunications industry. In addition, the transaction enhances our market presence in the western United States. Together, we will be able to provide solutions to many of the commercial serviceability and MDU issues and opportunities facing telecommunications operators today. We are delighted about the prospects of having Doug Jensen and the JCC team joining the WeiTel organization. "

Weintraub Telecomm LLC (WeiTel)

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like