CSI Wireless sells fixed wireless operations

CALGARY – CSI Wireless has signed a deal to sell its fixed wireless telephone business to Telular Corporation for about $14.8 million U.S. CSI, of Calgary, recently decided to also sell its telematics business and will now concentrate on its GPS products for the agricultural market. “CSI has historically participated in both the wireless and GPS markets, which have fundamentally different business models,” said Stephen Verhoeff, president and CEO of CSI Wireless. “This has created a number of challenges for the company both internally and externally. After much deliberation, we determined that the GPS and fixed wireless businesses would perform...