Alvarion to Sell Carrier License Unit to Telrad Networks
(Benzinga Lightning Feed Via Acquire Media NewsEdge) Alvarion^® Ltd. (NASDAQ: ALVR), a global provider of optimized wireless
broadband solutions addressing the connectivity, coverage and capacity
challenges of public and private networks, has entered into a definitive
agreement with Telrad Networks, a leading international provider of innovative
telecommunication solutions, pursuant to which Telrad Networks will acquire
Alvarion's carrier licensed division. The consideration in the transaction
will be $6.1 million. In addition, Alvarion may receive certain
performance-based milestone payments of up to $6 million.
“We at Telrad are very excited to integrate Alvarion's carrier licensed
division as a core growth engine for our business,” said Ran Bukshpan, CEO,
Telrad Networks. “We believe that Alvarion's broadband wireless access
portfolio will become a significant building block in Telrad's future. We are
committed to the ongoing innovation of the BreezeCOMPACT family and have plans
to continue investing in this platform, including TD-LTE Advanced
capabilities. Telrad is dedicated to continue serving Alvarion's impressive
customer base, and we welcome the Alvarion employees who will join the Telrad
family as part of this acquisition. Together we can successfully execute the
growth plans we have for Telrad.”
Alvarion's carrier licensed business started over 15 years ago and has amassed
extensive commercial, technological and operational experience and know-how.
Its most recent product offering – the BreezeCOMPACT family – offers a unique
single-box architecture, all-outdoor chassis, small footprint and lower
installation costs. The single-box architecture reduces OPEX and CAPEX by
providing true macro base station performance in an optimized
all-outdoor/all-in-one small form factor. The BreezeCOMPACT is TD-LTE
Advanced-ready with a software upgrade. Launched during the second quarter of
2012, the BreezeCOMPACT has been successfully deployed by tier one and tier
two operators in Latin America, Eastern Europe and Africa.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
[ Back To TMCnet.com's Homepage ]