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UTStarcom agrees to acquire selected assets of 3Com's CommWorks business.(Mergers And...

UTStarcom, Inc., a provider of wireless and wireline access and IP switching solutions, and 3Com Corporation announced an agreement for UTStarcom to acquire selected assets of 3Com's CommWorks division. CommWorks' carrier-focused voice and data products complement and extend the UTStarcom product line, and the combined portfolio holds leadership positions in the global wireless (PAS and CDMA 2000 PDSN), softswitch, and broadband access markets.

The transaction, valued at $100 million, will be paid in cash (subject to closing adjustments), is forecast to close within 60

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