MCLEAN, Va.-LCC International Inc. executed a definitive agreement to take a 15-percent stake in the German-based wireless network deployment firm Plan+Design Netcare AG with a cash purchase of approximately $2.7 million.
LCC said the strategic investment will give it the necessary deployment resources and the essential local knowledge needed to provide end-to-end service solutions to wireless telecommunications carriers in German-speaking Europe.
In connection with the investment, LCC entered a five-year joint marketing agreement with PDN, expanding LCC’s network design presence in Europe to incorporate PDN’s deployment services.
