WETHERSFIELD, Conn.-Shared Technologies Cellular Inc. said it will raise $15 million
through a preferred stock placement with Credit Suisse First Boston Corp. and certain London-based institutional
investors.
CS First Boston arranged the transaction, and its affiliate, Marshall Capital, invested $5 million. Oakes,
Fitzwilliams & Co. Ltd., which facilitated the transaction in the United Kingdom, said the secondary offering was in
high demand from European institutions as prepaid cellular service recently has become more popular there.
