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TAGGED AS PUREWAVE NETWORKS

Redline purchases California company

telecom | 09/09/2014 4:50 pm EDT

Redline Communications Group Inc., a Toronto maker of wireless networks for projects in remote areas, said Tuesday it has reached a deal to purchase Santa Clara, Calif.-based PureWave Networks, which the company said will help it develop LTE capabilities. "LTE had been on Redline's technology development roadmap and we expect that the PureWave technology will accelerate the development of LTE-based capabilities for our networks," Redline CEO Rob Williams said in a release. Redline said it was paying $2 million in cash for PureWave. Redline provides its technology to sectors...