Asia Pacific Telecom to merge with Ambit Microelectronics

Shareholders of Asia Pacific Telecom (APT), the only CDMA 2000 operator and one of the six 4G mobile communication licensees in Taiwan, at a meeting on August 29, approved the merger of the company with Ambit Microelectronics, also a 4G licensee, through a stock swap of 0.4975 APT shares for one Ambit shares. The merger will be finalized by the end of June 2015, according to APT.

from DIGITIMES: IT news from Asia http://ift.tt/Y51k8C

via Yuichun