Business Services Industry
UTStarcom and interWAVE form strategic alliance to address 3G market in China; UTStarcom makes $3 million strategic investment in interWAVE common stock. (Utstarcom Development).
China Telecom, November, 2002
interWAVE Communications, a pioneer in compact wireless communications systems, announced it has formed a strategic alliance with UTStarcom Inc., a major manufacturer of telecommunications equipment for wireline and wireless networks, based in Alameda, California. The alliance will incorporate interWAVE's newly acquired CDMA2000 product, WAVE2000, with widely used UTStarcom networks to broaden deployment opportunities in China, which is one of the most rapidly expanding telecommunications markets in the world, and throughout other areas of the world. Additionally, UTStarcom has invested $3 million in common shares of interWAVE Communications International, Ltd., and received 2 million warrants to strengthen the strategic alliance between the companies and expand the OEM...
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