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From the Boston Globe Business Team

Interwise sold to AT&T for $121 million

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October 1, 2007 08:26 AM

Telecommunications giant AT&T Inc. said today that it agreed to buy Web conferencing service provider Interwise for about $121 million in cash.

Interwise, based in Cambridge, Mass., uses voice-over Internet protocol technology to provide voice, Web and video conferencing for businesses.

AT&T expects to close the deal in the fourth quarter. (AP)

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