Quality One Wireless Finalizes PCD Acquisition
Quality One Wireless today announced that it has finalized is acquisition of Personal Communications Devices. Quality One made a stalking horse bid for PCD, which declared bankruptcy in order to facilitate the deal, in August. According to Quality One, it paid "in excess of $125 million" for PCD's assets. PCD is responsible for facilitating the relationship between handset designers, handset manufacturers, and Tier 1 carriers in the U.S. Q1W does much the same thing, but for smaller companies across a larger geographical footprint. The two companies believe that they'll be able to offer carriers and phone makers a much broader and more complete set of services. Now that the acquisition is complete, the combined entity will operate as Quality One Wireless.