Wireless Facilities Acquisition of HTS Closes
Wireless Facilities Acquisition of HTS Closes
January 6, 2004 at 12:00 AM EST
Wireless Facilities Acquisition of HTS ClosesSAN DIEGO, Jan. 6 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII), a global leader in the design, deployment, integration, and management of wireless telecommunications networks and security systems, today announced that the acquisition of High Technology Solutions, Inc. (HTS), for approximately $48,750,000, has closed.
HTS is a San Diego-based privately held provider of communications systems engineering and operational outsourcing services to federal government agencies. The acquisition of HTS furthers WFI's strategic goal of expanding into the government market for communications systems design and integration and the outsourcing of technical services, including wireless related information technology systems and services. HTS currently has more than 80 active contracts or task orders, and a backlog of over $130 million. For the twelve months ending November 30, 2003, HTS recorded revenue of approximately $44 million.
About Wireless Facilities
Headquartered in San Diego, Wireless Facilities, Inc., a global leader in telecommunications outsourcing, designs, deploys, integrates and manages wireless networks and specialized security systems for some of the largest wireless telecommunication carriers, wireless equipment vendors and general contractors worldwide. WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. The Company has performed work in over 100 countries and currently has offices in Dallas, Chicago, Seattle, Reston, London, Gothenburg, Stockholm, Mexico City, Sao Paulo, and Beijing. News and information are available at www.wfinet.com .
For further information, please contact: Investor/Media, Martha Lessa, Director of Investor Relations, +1-858-228-2328, martha.lessa@wfinet.com, or Rochelle Bold, Senior VP of Corporate Development and Strategic Planning, +1-858-228-2649, rochelle.bold@wfinet.com, both of Wireless Facilities, Inc.
SOURCE Wireless Facilities, Inc. CONTACT: Investor/Media, Martha Lessa, Director of Investor Relations, +1-858-228-2328, martha.lessa@wfinet.com, or Rochelle Bold, Senior VP of Corporate Development and Strategic Planning, +1-858-228-2649, rochelle.bold@wfinet.com, both of Wireless Facilities, Inc. Web site: http://www.wfinet.com
HTS is a San Diego-based privately held provider of communications systems engineering and operational outsourcing services to federal government agencies. The acquisition of HTS furthers WFI's strategic goal of expanding into the government market for communications systems design and integration and the outsourcing of technical services, including wireless related information technology systems and services. HTS currently has more than 80 active contracts or task orders, and a backlog of over $130 million. For the twelve months ending November 30, 2003, HTS recorded revenue of approximately $44 million.
About Wireless Facilities
Headquartered in San Diego, Wireless Facilities, Inc., a global leader in telecommunications outsourcing, designs, deploys, integrates and manages wireless networks and specialized security systems for some of the largest wireless telecommunication carriers, wireless equipment vendors and general contractors worldwide. WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. The Company has performed work in over 100 countries and currently has offices in Dallas, Chicago, Seattle, Reston, London, Gothenburg, Stockholm, Mexico City, Sao Paulo, and Beijing. News and information are available at www.wfinet.com .
For further information, please contact: Investor/Media, Martha Lessa, Director of Investor Relations, +1-858-228-2328, martha.lessa@wfinet.com, or Rochelle Bold, Senior VP of Corporate Development and Strategic Planning, +1-858-228-2649, rochelle.bold@wfinet.com, both of Wireless Facilities, Inc.
SOURCE Wireless Facilities, Inc. CONTACT: Investor/Media, Martha Lessa, Director of Investor Relations, +1-858-228-2328, martha.lessa@wfinet.com, or Rochelle Bold, Senior VP of Corporate Development and Strategic Planning, +1-858-228-2649, rochelle.bold@wfinet.com, both of Wireless Facilities, Inc. Web site: http://www.wfinet.com