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[February 25, 2013]
Telrad Networks buys Alvarion's broadband wireless access division
Feb 25, 2013 (TELECOMWORLDWIRE via COMTEX) -- Telrad Networks said it has agreed to acquire the broadband wireless access (BWA) division of Alvarion Ltd. (NASDAQ: ALVR) for $6.1 million.
In addition, Alvarion may receive certain performance-based milestone payments of up to $6 million. BWA technology enables wireless broadband connectivity to meet the need for Internet access in areas with little or no access infrastructure.
The flagship product of the group, BreezeCOMPACT, has a unique single-box architecture which provides macro base station performance in a compact, optimized all-outdoor form factor with software radio design, which enables LTE Advanced and a variety of supported frequencies. The BWA division serves over 250 broadband carriers and Wireless Internet Service Providers (WISPs) worldwide. This new division will be fully integrated into Telrad's core business, maintaining its current sales, support and development staff.
Telrad Networks provides innovative telecom equipment, solutions and services which facilitate communications between millions of end-users worldwide. The company's website is at www.telrad.com Fortissimo Capital, headquartered in Israel, is a group of private equity funds with nearly $500 million under management that invests in global technology companies that require capital to expand their business.
Alvarion provides optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of telecom operators, smart cities, security, and enterprise customers. The company's website is at www.alvarion.com .
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