Business Services Industry
UTStarcom agrees to acquire Telos Technology, acquisition bolsters UTStarcom's CDMA infrastructure portfolio.(Business)
China Telecom, May, 2004
UTStarcom, Inc., announced an agreement to acquire substantially all of the assets of Vancouver-based TELOS Technology, Inc., a leading provider of distributed mobile switching solutions for voice and data communication networks to the fast-growing rural, enterprise, and emerging wireless markets. The assets acquired will include TELOS' complete product family, including the Sonata SE Softswitch, Sonata FS Feature Server, and Sonata OMC Operations Maintenance Center.
"Acquiring TELOS accelerates and expands our global CDMA strategy, complements our existing IP-based wireless product portfolio, and provides UTStarcom with access to new market segments--such as enterprise and rural--beyond our extremely successful PAS business," said Hong Lu, president and chief...
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