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: IOC defends Rio legacy amid green protests

add to favorites email to friend print save as pdf

Related Stories

SOHO sees something new near the sun

44 minutes ago

An unusual comet skimmed past the sun on Feb 18-21, 2015, as captured by the European Space Agency (ESA) and NASA's Solar and Heliospheric Observatory, or SOHO.

HP profit dips, sees impact from strong dollar

50 minutes ago

US computer giant Hewlett-Packard on Tuesday reported a drop in profits in the past quarter and said the strengthening dollar was likely to hurt its finances this year.

Train car design reduced impact in Southern California crash

57 minutes ago

(AP)—After a horrific crash a decade ago that killed 11 people and injured 180 more, Southern California's commuter train network began investing heavily in passenger cars designed to protect passengers from the full force ...

Appeals court considering warrantless cellphone tracking

1 hour ago

(AP)—Now that the cellphone in your pocket can be used to track your movements, federal appeals judges in Atlanta are considering whether investigators must get a search warrant from a judge to obtain cellphone tower tracking ...

Recommended for you

IOC defends Rio legacy amid green protests

1 hour ago

Ecological protests on Saturday dogged the final day of an International Olympic Committee executive board meeting in Rio as green campaigners slated the choice of a nature reserve to hold the golf event ...

Japan's NTT to buy German data centre operator

1 hour ago

Japanese telecom giant NTT Communications is looking to acquire German data centre operator e-shelter, as it seeks to cash in on growing demand in Europe, a newspaper reported Saturday.

Fashionable or geeky—the modern watch dilemma

6 hours ago

It's Milan fashion week, you've got tickets to the catwalk shows and an outfit to die for, but which watch to wear? A chunky smartwatch or chic ticker that can't tell the time?

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.