STM Wireless Buys Telecom International
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IRVINE — STM Wireless Inc. said it has acquired Telecom International Inc., an Atlanta network systems integrator, in a stock exchange transaction. Terms were not disclosed.
Under the terms of the agreement, each share of Telecom stock will be exchanged for a number of shares of STM common stock and Telecom will become a wholly owned subsidiary of STM.
Shares of STM, a wireless communications solutions provider, closed Tuesday at $12.50, down 25 cents.
