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Technology Stocks : MBND - Multiband Corporation
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From: jmhollen1/10/2005 12:41:48 PM
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9:11am 01/10/05 Multiband in letter to acquire 500 subscribers (MBND) By Michael Baron

NEW YORK (CBS.MW) -- Multiband Inc. (MBND) signed a letter of intent Monday to acquire roughly 500 video customers of Satellite Broadcast Corp., a Minnesota-based cable operator.

Financial terms weren't disclosed but Multiband said the deal will generate cash flow immediately. Shares of Multiband closed Friday at $1.63, up almost 11 percent.

cbs.marketwatch.com{B99A64B8-11AF-414D-AFC0-7E66AD77773B}

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