Terabeam (TRBM) Higher Following China Deal
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Terabeam, Inc. (NASDAQ: TRBM) is higher in pre-open trading after the company's wholly owned subsidiary, Proxim Wireless Corporation, announced that China Netcom Gansu, a subsidiary of China Network Communications Group Corporation, one of the largest telecommunications companies in China, has selected Proxim Wireless WiMAX, mesh, and backhaul products as part of its effort to build the most cost-effective wireless data and voice network in the country. The Gansu province is located in northwest China and has a population of approximately 25 million people.
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