Able Telecom (ABTE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Able Telecom (ABTE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rob L. who wrote (36)	12/4/1997 12:24:00 PM
From: Rob L.	Read Replies (1) of 700

Able Telcom/Comsat Unit Assets -2: Includes Ala., Texas Ops Dow Jones News Service via Dow Jones WEST PALM BEACH, Fla. (Dow Jones)--Able Telcom Holding Corp. (ABTE) signed a definitive agreement with Comsat Corp. (CQ) to acquire certain assets and assume certain liabilities of a Comsat unit. In a press release Thursday, Able Telcom said it will assume construction and other contracts estimated to generate revenues of about $29 million during the next 18 to 24 months, under the agreement with Comsat RSI Jefa Wireless Systems. Able Telcom said the contracts would increase its current backlog to an estimated $130 million. The acquisition also covers intelligent traffic systems and wireless infrastructure and services businesses in Texas and Alabama, Able Telcom said. Able Telcom builds and maintains communications infrastructure. (END) DOW JONES NEWS 12-04-97 10:40 AM -0- 10 40 AM EST 12-04-97 :TICKER: ABTE CQ :SUBJECT: TLCM FL MD MNA Copyright (c) 1997 Dow Jones and Company, Inc. Received by NewsEDGE/LAN: 12/4/97 10:39 AM

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next