Stratex Networks to Acquire Plessey Broadband Wireless

Stratex Networks agreed to acquire Plessey Broadband Wireless, a supplier of license-exempt, telecommunications-grade microwave transmission products, for $3 million in Stratex Networks' stock and up to $3 million in cash. Plessey Broadband Wireless is located in Cape Town, South Africa. Stratex Networks, which is based in San Jose, California, supplies wireless transmission solutions providers for worldwide mobile and broadband access communications networks.
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