News Allen Group, NextWave form strategic vendor agreement
Jan 1, 1997 12:00 PM
The Allen Group, Beachwood, OH, and NextWave Telecom, San Diego, have entered into a long-term strategic vendor relationship under which NextWave and its subsidiaries and affiliates will purchase $50 million in wireless PCS products and services from Allen and its subsidiaries during the next five years.
The range of products and services include software and engineering services to be used in designing the RF network and its microwave elements, base station antennas and repeaters and boosters that will be used to expand cell site coverage and provide RF coverage in certain hard-to-reach areas.
The Allen Group has agreed to make an equity investment of $5 million in NextWave and will extend as much as $50 million in secured financing for products purchased from Allen.
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