SR Telecom to expand market reach through proposed Netro purchase
News | 03/31/2003 5:00 am EST
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Montreal-based SR Telecom Inc. has inked an agreement to purchase struggling U.S.-based wireless equipment maker Netro Corp. in a complicated stock deal that will see Netro shareholders own 43% of the combined entity. As part of the US$121-million deal, SR Telecom will gain control of the highly touted Angel product line as well as the AirStar line of fixed wireless access products. The acquisition is expected to close in early July 2003. This content is available to wirereport.ca subscribers Already a subscriber? Sign in here Unlock all the Canadian telecom, broadcasting and digital media news you need.Take a free trial or subscribe to The Wire Report now. FREE TRIALTwo weeks free access to thewirereport.ca and our exlusive newsletters. SUBSCRIBEUnlimited access to thewirereport.ca and our exlusive newsletters. Reuse & PermissionsUnauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact: Customer Care, 613-688-8821 | subscriptions@hilltimes.com |