logo
Share SHARE
FONT-SIZE Plus   Neg

Ericsson Closes Purchase Of BelAir Networks - Quick Facts

Ericsson (ERIC) said it has completed its acquisition of BelAir Networks, a North American carrier-grade Wi-Fi company. Ericsson added that this purchase gives it a strong carrier-grade Wi-Fi portfolio, technological expertise, IPR, and established customer contracts and relationships. The completion follows the announcement on February 21, 2012 that Ericsson had reached an agreement to buy 100 percent of the shares in BelAir Networks.

Johan Wibergh, Executive Vice President and head of business unit Networks, Ericsson noted, "By integrating BelAir Networks' talented people and these new assets into Ericsson's mobile infrastructure leadership, we will accelerate the integration of Wi-Fi and cellular technologies and strengthen our heterogeneous network (hetnet) offering."

Also, the company said former BelAir Networks' staff would be integrated into the Ericsson group in business unit Networks over the coming months and will work under the Ericsson brand effective today.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Alaska Air Group Inc., which completed its $2.6 billion acquisition of Virgin America last year, said that the combined company will adopt Alaska Air's name and logo. The Virgin America name will be retired, "likely sometime in 2019," the airline added. Apple Inc. has agreed to acquire Workflow, an iOS app for automating tasks, as well as its development team for an undisclosed sum. Workflow is a personal automation tool that enables the user to drag and drop combination of actions to create workflows for the iPhone, iPad and Apple Watch. After long negotiations to win over one of the largest and fastest growing smart phone markets, Apple has decided to assemble its 4-inch screen iPhone SE in India.
comments powered by Disqus
Follow RTT