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TORONTO, Dec. 3, 2012 (GLOBE NEWSWIRE) -- Toronto based Teliphone Corp. (OTCQB:TLPH), one of the world's local digital telecommunications companies, has completed an asset purchase agreement through an acquisition corporation for the Core Assets, Operations and Network of Navigata Communications 2009 Inc.
Effective immediately, the acquisition company, a wholly owned subsidiary of Teliphone Corp., will operate under the trade name, Teliphone Navigata-Westel. Teliphone's Chief Technology Officer, Benoit Laliberte has been appointed as the President and CEO of both Teliphone Corp. and the subsidiary and will remain as CTO of both entities. Lawry Trevor-Deutsch, Teliphone's past President and CEO will remain with the company as a special advisor for business development and will oversee the public aspects of the corporation. With this transaction, Teliphone Navigata-Westel becomes one of Canada's largest independent facilities-based telecommunications operators.
The transaction includes all core assets, operations and network of Navigata Communications 2009 Inc. including its British Columbia wireless microwave backhaul network, its Canadian Wavelength Fibre Optic Network, CLEC Operations, and its mutual CLEC/ILEC co-location facilities. Components of the transaction may be subject to receipt of regulatory approval and certain contractual consents for the acquisition of certain of the assets.
Navigata Communications 2009, Inc. has changed its name to Cascade Divide Enterprises, Inc., which will continue to operate Next Layer, and On Call Wireless. As part of the sale to Teliphone, Teliphone will also have the use of the names Navigata, Westel and related trademarks of Navigata.