ProNet Inc. signed letters of intent to acquire four paging operations for a combined purchase price of $20.2 million. ProNet said it plans to acquire Williams Metro Communications Corp. and affiliates of Tallahassee, Fla., Reisenweaver Communications Inc. of Winston/Salem, N.C., Total Communications Inc. of Port St. Lucie, Fla., and A.G.R. Electronics Inc. and affiliates of Hialeah, Fla. When completed, these transactions are expected to add about 78,500 subscribers to ProNet’s Southeastern region. ProNet presently counts a subscriber base of 717,000.
Wireless Telecom Inc. will resell network and messaging services, cellular modems and computing devices from wireless hardware and software vendors. Under various agreements, Wireless Telecom said it will resell Apex Data’s Mobile Plus and Cellular Direct modems, Ex Machina’s Notify! family of wireless messaging packages, InfoExpress’ InfoManager, a wireless e-mail and news service, Melard Technolgies’ RANGER, a rugged, handheld work station, and GoldMine Wireless Solution by M.O.S.T. Inc., a third party add-on software package that enables wireless synchronization of GoldMine for Windows databases.
Burlington, Mass.-based Lasertron said it formed a new wireless business unit to meet the requirements of the cellular and personal communications services markets with fiber-optic subsystem products that enhance wireless communications systems. Products include laser transmitters and receivers for linking remote antennas with base station equipment in indoor and outdoor applications, the company said. Dr. Richard Panock, assistant director of engineering at Lasertron, will head up the engineering effort.
RAM Mobile Data USA L.P. has teamed with Wireless Financial Services Inc. to bring Mobile Trader to Wall Street. Mobile Trader is a wireless market data and order execution system designed to be used over RAM’s wireless network. RAM acquired Mobile Trader software in June. Wireless Financial Services is licensed to exclusively market Mobile Trader software in the United States directly to brokerage firms and commercial and investment banks.
Nation Page Inc. has acquired Paging Plus Inc., a wholly owned subsidiary of C-TEC Corp. Inc. for an undisclosed amount. The sale adds about 13,000 paging units in central and eastern Pennsylvania to Nation Page’s subscriber base.
The board of directors at Boston Technology Inc. authorized a repurchase of shares of company common stock on the open market or in negotiated transactions over the coming year. The company will limit the repurchase to one million shares of stock. The shares will be used for the company’s stock option plans and employee stock purchase plans. “We believe the recent decline in our stock price combined with our strong cash position of $31.7 million at the end of our second quarter of fiscal year 1996 offers us an opportunity to repurchase shares at an attractive price,” said Dr. John C.W. Taylor, president and chief executive officer at Boston Technology.
