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Communications Media Center
at New York Law School


Telekom Buys Majority of Facit

May 27, 1997

Telekom Advanced Systems Corp. announced that through its wholly owned subsidiary, Mobile Computing Systems Corp., it acquired the Facit Group by purchasing majority control of Facit AB. Facit will provide a distribution for Telekom Advanced Systems' technologies integrated into Facit products.

PRNewswire, 5/26/97


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HTML Document posted: May 27, 1997