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China’s Eastcom becomes major shareholder of Interwave Communications

BEIJING-Eastern Communications (Eastcom) became the first Chinese state-owned enterprise to acquire a Nasdaq-listed company, Interwave Communications. Taking a 10.3-percent stake, Eastcom became the largest shareholder of Interwave.

Set up in the U.S. Silicon Valley in 1994, Interwave develops portable mobile cellular networks and broadband wireless solutions based on GSM technology.

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