OWINGS MILLS, Md.—Wireless data services provider Aether Systems Inc. announced it will buy back $15 million in convertible debt, a move that comes about a year after the company bought back $20 million in debt.
“Aether is continuing to optimize our collective and unique set of assets to strengthen our market positioning and financial posture with an unyielding concentration on shareholder value,” said Dave Oros, the company’s chairman and chief executive officer. “By reducing our convertible debt by another $15 million at a significant discount, we are also amplifying the company’s prudent fiscal management and confidence in our actions and outlook.”
