Nortel and Telular Canada ink deal.
See the press release below. I'd be interested in finding out some of the financial terms of this contract. For Nortel to show interest in the technology of this junior is encouraging, if nothing else.
Cheers,
Larry
Toronto Stock Exchange Symbol: TC
TORONTO, Aug. 12 /CNW/ - Telular Canada Inc. (TSE: TC), a leading supplier of
integrated communication and computing solutions, today announced it has signed
Nortel (Northern Telecom) (NYSE:NT/TSE:NTL) as a licensee of its fixed wireless
technology in Canada.
Financial terms of the agreement were not disclosed.
''We are very excited to be working with such a prestigious organization as
Nortel while taking full advantage of this company asset'', said Harry Klein,
President and CEO.
Telular Canada Inc., through its wholly owned subsidiary Global Data Wireless
Inc., is a manufacturer and a value-added distributor of wireless data
solutions for telemetry and remote monitoring applications.
Nortel works with customers in more than 150 countries and territories to
design, build and integrate their communications products and advanced digital
networks. Customers include public and private institutions; Internet service
providers; local, long-distance, cellular mobile and PCS communications
companies; cable television companies; and utilities.
Nortel had 1997 revenues of $US 15.5 billion and has approximately 73,000
employees worldwide.
%SEDAR: 00002923E
/For further information: Investor Inquiries: Barry Hildred, Investor
Relations, Telular Canada Inc., (416) 815-0700 ext 224, (416) 815-0080 fax,
Email: bhildred(at)equicomgroup.com, Internet: www.equicomgroup.com; Harry R.
Klein, President, Telular Canada Inc., (603) 881-8666 ext 125, (603) 881-4042
fax/
08:08 ET |
