Alvarion to Sell Carrier License Unit to Telrad Networks
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.