Briefs: Pegasus buys China wireless manufacturer

Dec 29, 2005

Pegasus Wireless took another step in its globalization plan Friday by taking controlling interest in Chinese wireless manufacturer CNet Technology.

The $1 million deal gave California-based Pegasus a 51-percent share of CNet, giving Pegasus a manufacturing presence in the booming Chinese wireless market.

Pegasus will now be able to base its wireless-device production closer to the market and consolidate operations currently scattered around the world. The deal comes on the heels of Pegasus acquisition of Amax Technology and its U.S. distribution network.

Pegasus CEO Jasper Knabb said the purchase moves his company closer to its goal of becoming an end-to-end provider of communication networks solutions and technology.

Copyright 2005 by United Press International

Explore further: N Korea-linked Sony hack may be costliest ever

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

N Korea-linked Sony hack may be costliest ever

1 hour ago

A U.S. official says North Korea is linked to the unprecedented hack of Sony Pictures which exposed a trove of sensitive documents and escalated to threats of terrorism, driving the studio to cancel release ...

Q&A: Drones might help show how tornados form

1 hour ago

(AP)—Researchers say they've collected promising weather data by flying drones into big Western and Midwestern storms. Now they want to expand the project in hopes of learning how tornados form.

Underfire Uber ramps up rider safety

9 hours ago

Uber is ramping up driver background checks and other security measures worldwide after the smartphone-focused car-sharing service was banned in New Delhi following the alleged rape of a passenger.

US probe links NKorea to Sony hacking

9 hours ago

A U.S. official says federal investigators have now connected the Sony Pictures Entertainment Inc. hacking to North Korea and are expected to make an announcement in the near future.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.