Vecima Networks Completes Purchase of DOCSIS Distributed Access Architecture and EPON/DPoE Portfolios From Nokia
Nokia and Vecima (News - Alert) Networks (TSX: VCM) today announced the successful completion of the sale of Nokia's Gainspeed portfolio, supporting technology and assets to Vecima Networks. This follows the planned acquisition that was originally announced.
Nokia (News - Alert) will maintain an ongoing business relationship with Vecima that includes key, enabling technologies, to address unified cable access opportunities. Nokia will retain its cable-related products and solutions including mobile, routing, transport, fiber, and fixed wireless access technology, along with network operations and customer experience-related solutions. Financial details of the sale are not being disclosed.
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