Brief: Synertone Communication updates on MOU and sales agreement
23/11/2015 24:11
Nov 23 (Reuters) - Synertone Communication Corp 1613.HK : * I) inside information: memorandum of understanding on strategic cooperation and (II) discloseable transaction: purchase of gateway equipment and relevant software 1613.HK * Entered into the MOU with Gilat in relation to the strategic cooperation between the parties * Says the mou is valid for a period of one year from the date of signing * Has nominated vastsuccess to entered into the sales agreement with gilat for purchasing gateway equipment * Right to use the nms software and related technical support services at a total consideration of US$12.4 million * Purchase under the sales agreement will be financed by internal resources of the group and short term bank borrowings * Source text for Eikon ID:nHKSbqQYwV ((For more news, please click here 1613.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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