Brightpoint Inc. and CellStar Corp. said they discontinued negotiations to form a joint venture in India. The proposal for the venture was announced in mid-January. The companies were unable to negotiate a definitive agreement within the time frame set forth in the companies’ letter of intent.
Arch Communications Group Inc. has amended certain terms of its bank credit facilities to provide the company with greater financial flexibility, said Arch. The amendments ease certain restrictive policies, including the maximum permitted indebtedness policy for the bank facilities of Arch Communications Enterprises Inc. and USA Mobile Communications Inc. II, said Arch. Terms of the amendments unanimously were approved by Arch’s bank groups.
Eatel Corp. of Gonzales, La., and Prime Matrix Wireless Communications of Calabasas, Calif., selected Lightbridge’s Telesto suite of integrated customer acquisition and retention solutions, said Lightbridge. Eatel plans to use the TeleServices call center, pops and Fraud Detect solutions to support its new personal communications services customers, while Prime Matrix plans to use Lightbridge’s Retail Management System, pops and Fraud Detect to support subscriber qualification and activation, said Lightbridge. Eatel is a privately owned telecommunications company and Prime Matrix is a privately owned reseller.
Roamer One, a Torrance, Calif.-based subsidiary of Intek Global Corp., completed the previously announced acquisition of most of the assets of Wireless Plus Inc., a specialized mobile radio provider based in Hayward, Calif., said Intek. Roamer One will gain approximately 2,900 subscriber accounts, 21 five-channel Federal Communications Commission licenses for operation of 220-MHz frequencies and 11 five-channel and eight single-channel management agreements with third-party licensees, making it the dominant 220-MHz license holder in the United States, Intek said.
Qualcomm Inc. announced it successfully syndicated a $400-million bank credit facility that broadens the company’s investor base and provides letters of credit and funds for general corporate purposes. The three-year senior unsecured revolving credit facility was led by Bank of America N.T. & S.A. and Citibank, N.A.
