|NSN's Expedience Fixed-Wireless Broadband business Acquired ... |
>> CN TETRAGEN acquires Nokia Siemens Networks’ Expedience business
Nokia Siemens Networks and CN TETRAGEN Press Release
Espoo, Finland / Madrid, Spain
March 7, 2012
CN TETRAGEN, a privately held Spanish technology holding, has acquired Nokia Siemens Networks’ proprietary, fixed-wireless broadband business, Expedience¹. Under the terms of the transaction, CN TETRAGEN acquired the complete Expedience portfolio, assets, and the active customer and supplier contracts. The Expedience business is not part of Nokia Siemens Networks’ mobile broadband portfolio based on widely adopted industry standards.
¹ NSN acquired the Expedience portfolio as part of its acquisition of certain Motorola Solutions networks assets that closed in April 2011. Expedience is a proprietary wireless broadband platform with system components that include residential subscriber units, mobile subscriber units, outdoor subscriber units, base stations and network management technology. It is available in 2.5, 3.3, 3.5 and 3.7 GHz licensed frequency bands. To date more than 15,000 base stations and 700,000 CPEs have been sold worldwide.
CN TETRAGEN has in-depth knowledge of the Expedience portfolio and recognizes an opportunity to provide outstanding products and services to the operators who have invested in the technology. CN TETRAGEN has set up a company called Nexpedience Networks to operate the Expedience assets.
“With this acquisition, we are in a good position to ensure continuity for the manufacturing of the Expedience technology while developing a solid roadmap for its future. We are extremely committed to achieving this,” said Kiriako Vergos, chairman and CEO of CN TETRAGEN.
“We believe our customers will benefit from the greater focus, scale and concentration on Expedience that CN TETRAGEN can offer,” said Stephan Scholz, head of divestment projects for Network Systems, Nokia Siemens Networks. “The divestment is part of Nokia Siemens Networks new strategy where we’ll focus on mobile broadband and services.”
About Nokia Siemens Networks: Nokia Siemens Networks is the world’s specialist in mobile broadband. From the first ever call on GSM, to the first call on LTE, we operate at the forefront of each generation of mobile technology. Our global experts invent the new capabilities our customers need in their networks. We provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly. With headquarters in Espoo, Finland, we operate in over 150 countries and had net sales of over 14 billion euros in 2011. nokiasiemensnetworks.com
About CN TETRAGEN: CN TETRAGEN has been active in the field of ‘NextGen’ BWA technologies since 2004. The company’s headquarters are in Madrid, SPAIN. codiumtetragen.com
- Eric -