Telia Contracting AB sold to WFI
- 2000-10-12 22:00 UTC
Telia Contracting AB was today sold to Wireless Facilities, Inc. (WFI) (NASDAQ: WFII), a global leader in the design, deployment and management of wireless telecommunications systems. Telia Contracting AB is a subsidiary of Telia AB, the leading telecommunications company in Scandinavia and a provider of mobile communications and broadband/Internet services with operations in 30 countries in North America, Europe and Asia. Under the terms of the acquisition, WFI will pay approximately $7,8 million in cash.
Telia Contracting AB provides a broad range of network management services including the continuous optimization, maintenance and monitoring of wireless networks elements for major telecom operators and equipment suppliers. Telia Contracting AB is engaged in over twenty projects globally, with geographic emphasis in Asia, Scandinavia and South America as well as throughout the European community.
"Telia's organizational structure is designed to enable its business areas to build a strong, competitive positions within their market segments," said Marianne Nivert, acting chief executive officer of Telia AB. Divesting our contracting services group to WFI enables both companies to focus their resources on their core activities."
"The acquisition of Telia Contracting AB and their highly technical team provides WFI with added depth in post deployment services on a global scale," said Massih Tayebi, chairman of WFI. "While every wireless network requires continuous monitoring and maintenance for optimal performance, we continue to believe that wireless operators will increasingly turn to trusted partners like WFI for these network management services while focusing on their competencies such as marketing and service definition."
About Wireless Facilities
A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services - from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has grown to more than 1,400 employees and has performed work in 39 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Washington, D.C., London, Mexico City, São Paulo and New Delhi. News and information are available at www.wfinet.com.
Telia´s Press Office, phone +46 8 713 58 30
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