Ericsson to Acquire North American Carrier Grade Wi-Fi Company BelAir Networks; Terms Not Disclosed

Ericsson ERIC today announced that it has entered into an agreement to acquire 100% of the shares in the privately-held Canadian Wi-Fi company BelAir Networks. Through this transaction, Ericsson will acquire a strong carrier grade Wi-Fi portfolio, technological expertise, IPR, and established customer contracts and relationships. The terms of the transaction were not disclosed.