LCC Completes Acquisition of WFI's U.S. Engineering Business
For Immediate Release
June 04, 2007
FOR IMMEDIATE RELEASE
LCC Contact:
Nancy Feeney
Director of Marketing Communications
and External Relations
nancy_feeney@lcc.com
+1 703.873.2077
LCC Completes Acquisition of WFI’s U.S. Engineering Business
McLean, VA, June 04, 2007 -- LCC International, Inc. (NASDAQ: LCCI), a leader in advanced wireless services and solutions, announced today the completion of its acquisition of Wireless Facilities, Inc. (NASDAQ: WFII) U.S. engineering business. The agreement between the two companies was originally announced May 29, 2007.
As previously announced, the $39 million cash transaction is expected to be accretive in 2007. With the announced completion, the company is now focused on implementing a smooth integration and leveraging all cost synergies.
The addition of these engineering resources to LCC’s North America operations furthers its customer reach and expands the current services offering as well as service delivery models.
This acquisition allows LCC to augment its already broad set of experienced engineering resources and retain the most extensive set of intellectual capital in UMTS, HSDPA, WiMAX, spectrum management, fixed network engineering, E-911, and land mobile radio services.
“The successful completion of this acquisition positions LCC as one of the leading independent RF engineering companies in the world,” said LCC President and Chief Executive Officer Dean Douglas. “We remain committed to delivering a broad portfolio of services to the marketplace and will continue to focus our U.S. efforts on providing our customers with the tools and services needed to maximize their investments in wireless technologies including emerging broadband networks.
About LCC International, Inc.
LCC International (NASDAQ: LCCI) is the recognized leader in providing wireless voice and data turn-key services to the telecommunications industry. Our service offering includes network services, business consulting, tools-based solutions; and training through our world-renowned Wireless Institute. The Company has worked with all major access technologies (including UMTS, EV-DO, HSDPA and WiMAX) and has participated in the success of some of the most sophisticated wireless systems in the world. LCC is unique in its ability to provide comprehensive turnkey services to wireless operators around the world. We bring local knowledge and global capabilities to our customers, offering innovative solutions, insight into cutting-edge developments and delivering solutions that increase business efficiencies. News and additional information are available at www.lcc.com.
Cautionary Note regarding forward-looking statements under the Private Securities Litigation Reform Act of 1995:
Information in this release regarding LCC’s expectations, beliefs, and intentions are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to LCC as of the date of this release, which may change, and LCC assumes no obligation to update any such forward-looking statement. These statements are not guarantees. Factors that could cause or contribute to differences from such expectations include, but are not limited to risks associated with international operations, challenges and costs arising from integration of new operations and other factors that may affect our business are discussed in LCC’s filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our quarterly reports on Form 10-Q.
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