NHancement Technologies Inc. announced that its Voice Plus subsidiary installed and launched a voice processing system in Wichita, Kan., for VoiceStream Wireless, the personal communications services division of Western Wireless Corp.
Corsair Communications Inc. announced it completed an agreement with Telesis Sistemas em Telecomunicacoes Ltda. in which Telesis Sistemas will distribute Corsair’s PhonePrint cellular fraud prevention system in Brazil and other Mercosur countries. Mercosur is a customs union that links Brazil, Argentina, Paraguay and Uruguay. The PhonePrint system uses radio-frequency fingerprinting technology to detect and disconnect calls made from cloned cellular phones.
DTS Wireless announced plans to bring its Zap-It wireless e-mail capability to the Palm PC, the latest PC Companion powered by the Microsoft Windows CE 2.0 operating system. Users of Zap-It Wireless Inbox can connect their existing e-mail box to send and receive e-mail, faxes, phone messages and pages. The Zap-It wireless messaging service also offers a free message preview option before deciding to read a message wirelessly.
American Radio Systems Corp. began a solicitation for its cumulative preferred stock on Jan. 16 to facilitate the separation of its radio broadcasting and communications tower businesses, the company announced. The record date to determine the cumulative preferred stockholders entitled to consent is Jan. 30 and the expiration date for the consent solicitation is Feb. 2.
CommNet Cellular Inc. increased the consent payment and amended the pricing and terms of the tender offers to purchase all of its outstanding subordinated and discount notes. The company also extended the initial expiration date for each consent solicitation from Jan. 21 to Jan. 23. The total consideration to be paid for each validly tendered subordinated or discount note and properly delivered consent will be based upon a fixed spread of 50 basis points, as opposed to 75 basis points in the original offer. This includes a consent payment of $30 per $1,000 principal amount at the notes’ maturity, instead of the $10 consent payment in the original tender offer.
