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November 8, 1993

VANGUARD LOOK TO BUY INTO GEOTEK

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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