There's another new owner for Inteliquent which has seen several change of owners over the past few years. From Tiscali to Tinet (BS equity) to Inteliquent (neutral Tandem) and now GTT. The sale appears to be only the data portion. Neutral Tandem seems to realize the Data part is not making money and has drag themselves on a downward slope even since they decide to buy Tinet. So let's see who makes money so far from such sale.
BS equity buys Tiscali International Network for US$60 Million (47M Euro) in 2009.
Neutral Tandem then buys over for US$95 Million in 2010. Profit of $35 Million. Not bad for approximately just 2 years of ownership. Private equity main purpose is just to make money and they have done just that.
GTT now buys the data portion for US$54.5 Million in 2013. Is that a US$40.5 Million lost in less than 3 years for Neutral Tandem? That shows just how desperate they are in trying to get rid of the data portion to even making a loss. So what happens to the voice portion (the ex-Neutral Tandem)? Re-emerge as another new company?
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