Velocita Wireless Closes Agreement to Purchase SkyTel from Bell Industries
Velocita Wireless, LLC, a leading supplier of wireless network data
services for machine-to-machine (M2M) solutions, announced today the close of its agreement with Bell Industries to purchase SkyTel.
Gothenburg, Sweden (PRWEB) June 18, 2008 -- Velocita Wireless, LLC, a wholly-owned subsidiary of United Wireless Holdings, Inc. and a leading supplier of wireless network data services for machine-to-machine (M2M) solutions, announced today the close of its agreement with Bell Industries to purchase SkyTel.
The acquisition boosts United Wireless Holdings' annual revenues to over $100 million and the combination of assets, revenues and organizations will confirm Velocita's position as a leader in the industry.
"These two pioneering wireless data companies are a natural fit", said Mark Hull, CEO of Velocita Wireless. "This acquisition clearly benefits all of our customers as together we are an even stronger company with a long-term commitment to messaging, data and the M2M market."
About Velocita Wireless, LLC
With its headquarters in Woodbridge, NJ, Velocita Wireless is a national wireless network operator focused on the M2M market. It is a subsidiary of United Wireless Holdings, Inc., which purchased the company from Sprint Nextel in June 2007. The company offers wireless data M2M products including automatic vehicle location (AVL), telematics, point-of-sale, security and energy solutions to enterprise and government customers. Its network operates in 50 states covering 93 percent of all U.S. businesses and 220 million people.
For more information, go to: www.velocitawireless.com.
About SkyTel
SkyTel provides nationwide wireless data and messaging services, including wireless telemetry and traditional text and numeric paging. Founded in 1988, SkyTel provides services and support to its customers, who are primarily in the business and government sectors.
For more information, go to: www.SkyTel.com.
About United Wireless Holdings, Inc.
United Wireless is a leading provider of narrow band machine-to-machine (M2M) and telemetry solutions. In addition to its Velocita Wireless operations, it provides wireless network infrastructure technology through its Mobitex Technology subsidiary (based in Gothenburg, Sweden). It also has operations in China and Australia and has network customers across five continents.
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