SelectCore to Acquire Canquest Communications

By Dave Forde on July 10th, 2007

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SelectCore the provider of prepaid telecommunication solutions to credit-challenged consumers across Canada has announced they have purchased all the of the assets of Canquest Communications (Canada) Inc. and its subsidiary, Canquest Communications (Wireless) Inc. The total value of the deal worth $4 million will be paid by $1.8M in cash, $1.5M in stock and assumption of approx. $700K in net liabilities. Canquest Communications is an Chatham, Ontario is one of Canada’s largest privately-owned prepaid telecommunications and transaction-based technology companies. With annual revenues in excess of $25 million, they are a well-respected leader in the industry, servicing many of Canada’s largest incumbent phone companies and national-chain retailers.