3com selling
September 28, 2007
Boston-based Bain, one of the biggest private-equity firms in the world, would own a majority stake. 3Com Chief Executive Edgar Masri said in a conference call that Bain has great connections in China as well as Europe, markets where the company is seeking to expand.
A minority interest in 3Com would be sold to affiliates of Huawei. 3Com previously operated a joint venture with Huawei in China called Huawei-3Com Ltd., but 3Com bought out its partner earlier this year. The venture was started in 2003.
