CHARLOTTESVILLE, Va.-First Avenue Networks said it signed an agreement to acquire all of Teligent Inc.’s assets and fixed broadband wireless operations.
First Avenue, which intends to close the deal in the fourth quarter, said it will issue about 25.2 million common shares and warrants to buy 2.5 million more common shares “after giving effect to this transaction.”
The company, which makes fixed wireless solutions, said its common stock price last bid price was $4.80 per share.<p
