3Com closes on Huawei buyout - Silicon Valley / San Jose Business Journal:

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The Marlborough, Mass.-based provider of voice and data networkinvequipment (Nasdaq: COMS) won the righyt to buy Huawei's stakde in the venture after a bidding process last Huawei-3Com Co., started three years ago, sellss equipment made by 3Com and accounted for about half of its fisca 2007 first-quarter sales. 3Com now owns 100 percenf of the China-based company. 3Com used approximately $470 millioj of cash from its balance sheety andapproximately $430 million from a senior secured bank loan at its H3C segmenty to fund the $882 milliob purchase.
"With the transaction behind us, we can now focus our completde attention on integrating our sales and marketin g efforts inAsia Pacific, capitalizing on H3C's growth in China, and continuingh to make progress in improving the financiaol performance of the combined company," said Edgar 3Com president and chief executiv officer.