Telecom services provider Telrad Networks has agreed to acquire the broadband wireless access (BWA) division of Alvarion Ltd. or $6.1 million. In addition, Alvarion may receive certain performance-based milestone payments of up to $6 million. BWA technology is experiencing rapid growth worldwide because it enables wireless broadband connectivity to meet the need for Internet access in areas with little or no access infrastructure.
In a statement, Ran Bukshpan, CEO of Telrad Networks said, “We’re enthusiastic about this acquisition because of the strategic fit between the two businesses and the significant growth potential.” He added, “We are committed to an aggressive development roadmap for the BWA division, ensuring a smooth transition to TD-LTE Advanced capabilities for all customers. We are looking forward to providing Alvarion’s impressive customer base with the highest levels of service and support, as we’ve served our telco and enterprise customers for many years. We also extend the warmest welcome to our new employees joining us from Alvarion, and believe that together we can achieve our vision of becoming the world leader in broadband wireless access innovation.”
According to Telrad, 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 buyer said that the BWA division today 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.
Further commenting on this acquisition, Bukshpan stated, “Both organizations possess a global presence in the marketplace, and serve the same types of customers across the globe… We share a common level of technological know-how that will provide a great deal of synergy as we integrate the BWA division into our company. The market is poised to adopt next-generation wireless technologies and we see BWA as a core growth engine for our company in coming years.”
Edited by Rich Steeves