View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 1, 1998


By CBR Staff Writer

Communications equipment manufacturer World Access Inc has been spending again, this time acquiring Advanced TechCom Inc, a designer and manufacturer of digital microwave radio systems. Under the terms of the agreement ATI shareholders will receive $10m of World Access shares in exchange for their ATI shares. In addition, Atlanta, Georgia-based World Access will take on $5m of ATI’s debt. The acquisition of the Wilmington, Massachusetts company is the latest stage in World Access’ strategy to broaden its wireless switching, transport and access product offerings. A couple of weeks ago World Access announced its intention to spend $71m acquiring a 55% stake in telephony switching systems and telecoms software developer NACT Communications Inc (CI No 3,321), and last summer it bought Galaxy Personal Communications Services Inc for $7.5m (CI No 3,234). ATI president Ernie Lin and his staff will stay on and manage the company, operating as a division of World Access. In its last financial year, Advanced TechCom generated around $15m in sales, and World Access sees it as a good acquisition opportunity because of its revenue potential, its customer base in the US and Latin America, and the synergy it has with its existing business.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.