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