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STM Wireless Buys Telecom International

ORANGE COUNTY BRIEFLY

December 18, 1997| Dow Jones

IRVINE — STM Wireless Inc. said it has acquired Telecom International Inc., an Atlanta network systems integrator, in a stock exchange transaction. Terms were not disclosed.

Under the terms of the agreement, each share of Telecom stock will be exchanged for a number of shares of STM common stock and Telecom will become a wholly owned subsidiary of STM.

Shares of STM, a wireless communications solutions provider, closed Tuesday at $12.50, down 25 cents.

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