03:25 PM EST - Mitec Telecom Inc. : and Optiway Inc. today announced they have signed a letter of intent for a combination between the two companies. The proposed combination will be subject to a number of conditions to be set out in a definitive agreement as well as shareholder approvals and regulatory approvals from relevant authorities in Canada and Israel. Mitec Telecom Inc.
shares T.MTM are trading up $0.02 at $0.03.
