TeraGo buys customer, network assets from MetroBridge

TORONTO - TeraGo Networks has agreed to purchase the customer and network assets of MetroBridge Networks International Inc. in a deal worth approximately $6 million.Under the terms of the agreement, TeraGo will acquire most of of MetroBridge’s customers, related network infrastructure, real estate leases, and other assets. It also has the right to retain MetroBridge’s employees. MetroBridge's broadband fixed wireless network, which covers the lower mainland of British Columbia and Vancouver, will add approximately 600 business customer locations to TeraGo's network.The deal is expected to close on May 31, 2011, subject to TeraGo’s confirmatory diligence, financing, and other customary closing...