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December 3, 1997updated 03 Sep 2016 4:24pm

APPLIED CELLULAR TO BUY ABLE TELECOM

By CBR Staff Writer

Ambitious Applied Cellular Technology Inc, the Nixa, Missouri- based broadband communications company, is to acquire Able Telecom Holding Corp of West Palm in Florida, following an unsolicited offer made to Able late Tuesday. Applied plans to buy 100% of Able’s shares at $12 each, valuing the deal at around $100m and resulting in a company with anticipated combined revenues of up to $300 in 1998. Able is a services and systems integration company concentrating on voice data and video systems for applications such as traffic management and cable television, and Appied says its business fits nicely with its own Services and Solutions Group. Applied is a compulsive acquirer, and Able is its fourth buy this year, and the 18th in the history of the company. Applied says its main goal is to capitalize on the transition of analog to digital communication, a market set to explode.

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