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COM DEV CLOSES WIRELESS DIVISION SALE TO MITEC

CAMBRIDGE, ON -- COM DEV has closed the $20.7 sale of certain assets of its Wireless Division that makes RF conditi...


February 1, 2002  


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CAMBRIDGE, ON — COM DEV has closed the $20.7 sale of certain assets of its Wireless Division that makes RF conditioning and satellite ground station components to Mitec Telecom Inc. of Montreal. The deal was previously announced on December 19, 2001.

M/ERGY, COM DEV’s new 1xEV-DO standard, high-speed, wireless Internet access system is not part of this divestiture, and is part of the company’s new Broadband Division.

The company, a leading producer of wireless infrastructure, and Canada’s largest manufacturer of space hardware subsystems, is comprised of two operating divisions, COM DEV Space and COM DEV Broadband.


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