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November 8, 1993


By CBR Staff Writer

And still the jockeying for position in Specialised Mobile Radio goes on, with Vanguard Cellular Systems Inc putting up $30m for new shares in Geotek Industries Inc and agreeing to invest up to $167m more over the next three years, which would take it to 20%; Geotek is constructing a wireless communications and data network tailored primarily for companies with fleets of vehicles, starting in Philadelphia; Geotek already has George Soros on board, putting $40m into the company and and forming a partnership to seek outforeign markets worth entering.

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