Globecomm Systems Inc. and Tecore Inc. formed an alliance to offer design, integration, installation, training and maintenance services for satellite communications and wireless networks. A key feature of the new service is its distributed switching architecture-a routing system that provides local links for a variety of cellular and standard telephone systems with different protocols, said the companies. Tecore’s AirCore Platform is a scalable mobile switching center that interfaces with a variety of wireless technologies, including Global System for Mobile communications, Time Division Multiple Access, Code Division Multiple Access and Advanced Mobile Phone Service. While the system can benefit network operators anywhere in the world, it is expected to be valuable in expanding domestic and international telecommunications infrastructures in Latin America, Asia, Eastern Europe and Africa.
Reltec Corp. announced an initial public offering of 5.5 million shares of its common stock at $29 per share. Reltec granted the underwriters, a group jointly led by Morgan Stanley Dean Witter and Salomon Smith Barney, a 30-day over-allotment option to purchase an additional 825,000 shares at the IPO price, the company said. Reltec said it plans to use the net proceeds from the offering, estimated to be $147.9 million, to repay indebtedness and for general corporate purposes.
Alcatel and InterDigital Communications Corp. entered into a strategic agreement valued at $25 million for Alcatel to purchase InterDigital’s Applications Specific Integrated Circuits based on Broadband-Code Division Multiple Access technology. Alcatel also joined InterDigital’s B-CDMA Alliance, which strives to standardize B-CDMA technology and commercialize B-CDMA-based products for wireless local loop applications worldwide.
