BUZZ-DragonWave Inc: Signs agreement with Indian mobile operator

Fri May 15, 2015 8:12am EDT
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** Canadian wireless networking equipment maker's U.S.-listed shares up 12.1 pct at $0.69 premarket

** Signs deal with an Indian mobile operator to provide equipment and services to support the company's upgrade into 3G, 4G wireless services in the country

** DragonWave did not provide a deal value for the agreement

** Up to Thursday's close, DragonWave's Toronto-listed stock had declined more than 46 pct in the last 12 months