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Zaghloul making wireless play

Briefs | 04/27/2007 1:14 pm EDT

Hatim Zaghloul, the founder of Wi-LAN Inc. and the creator of OFDM wireless technology, appears to be making a bigger wireless play with his latest company's acquisition of Fatport Corp. from Ignition Point Technologies Corp. PowerStar International Inc. announced yesterday that it had reached an agreement to acquire the independent hotspot operator for approximately $1.2 million. "We plan to strengthen the existing strategic relationships and forge large scale relationships with [the] worldwide advertising marketplace to provide contextual messaging which should generate significant revenue and enhance customer experience," said Zaghloul, CEO and chair of PowerStar.

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