ANNAPOLIS, MD / ACCESSWIRE / February 9, 2016 / TeleCommunication Systems, Inc. (NASDAQ: TSYS) a developer of wireless communication technology, recently announced that the companies are working together to expand precise location-based service (LBS) solutions. The strategic partnership leverages the two companies' core competencies including TCS' scope, scalability and leading precise location technologies and Intersec's ability to deliver both passive- and analytics-based location services. In addition, Comtech Telecommunications Corp. on Wednesday for the third time extended its offer to acquire stock under its pending $430.8 million acquisition of TeleCommunication Systems Inc. Comtech (NASDAQ: CMTL), which first announced its intent to acquire Annapolis-based TeleCommunication Systems (NASDAQ: TSYS) at the end of November in a bid to combine two wireless communication companies, now plans to close its tender offer for shares at 5 p.m. Feb. 18.
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