Calcalist Business website (Hebrew) reveals that Runcom Technologies acquired another Israeli company, Bamboo Media Casting. This is the second acquisition Runcom made in the past two months (Runcom to invest in IXI).
According to Calcalist, the Bamboo acquisition is mostly of IP as most personnel was laid-off in the past few months. China Tel was supposed to acquire Bamboo a few months ago but backed off, now it is clear why.
In a very interesting move, Runcom Technologies is changing from a Technology (chipset) supplier to an Equipment Vendor and even an operator. As announced in November, China Tel and Runcom signed a “Strategic Framework Agreement” :
1) Runcom shall be the lead WiMAX equipment vendor for ChinaTel
2) Runcom shall invest USD $100,000,000 in ChinaTel for exchange for a %28.6 interest in ChinaTel
It is not disclosed where will Runcom get the money, but at least the path is clear. Runcom is going to deploy a major WiMAX network in China, and will use the recent acquired companies to complete the offering.