Transworld Communications Inc., 102 W. 500 South, owner, operator and developer of wireless cable television systems, has terminated discussions on the reorganization of its current joint venture with Videotron USA Inc., the U.S. subsidiary of Le Groupe Videotron Ltee.

On Sept. 16, Transworld signed a preliminary agreement to combine into a single entity the assets of Wireless Holdings Inc., of which Transworld owns 50 percent and Videotron USA owns 50 percent, and the assets of Videotron Bay Area Inc., of which Transworld owns 20 percent and Videotron USA owns 80 percent.Transworld officials said they will continue to explore all strategic opportunities to develop the business and maximize the value of the assets.