RoW Short Takes
News | April 29, 2003
Mitec Telecom sells subsidiary in Thailand
Mitec Telecom Inc. continues to restructure operations with the goal of focusing on core activities as the Montreal-based equipment maker recently announced the sale of its Thailand subsidiary. Mitec has agreed to sell Microwave Technology Co. to the Thai management team for $1.5 million. Half of the settlement is due upon the closing of the transaction. The sale is expected to close on May 30, 2003.
This content is available to wirereport.ca subscribers
Already a subscriber? Sign in here
Unlock all the Canadian telecom, broadcasting and digital media news you need.
Take a free trial or subscribe to The Wire Report now.
FREE TRIAL
Two weeks of free access to thewirereport.ca and our exclusive newsletters.
SUBSCRIBE
Unlimited access to thewirereport.ca and our exlusive newsletters.