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Technology / AI and automation

SHARE & BOND ISSUES

Mobile Telecommunication Technologies Corp, Jackson, Mississippi has filed with the US Securities & Exchange Commission to offer $175m of senior subordinated discount notes due 2002. The proceeds are to be used in part to fund the Destineer Corp’s two-way wireless messaging network in the US, and the balance will be used to fund further development of SkyTel Corp’s one-way messaging network. The co-managers are Bear, Stearns & Co. Inc, Alex Brown & Sons Inc and J P Morgan Securities Inc.

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CBR Staff Writer

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