Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Ericsson Closes Purchase Of BelAir Networks - Quick Facts

RELATED NEWS
Trade ERIC now with 

Ericsson (ERIC: Quote) 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.

Click here to receive FREE breaking news email alerts for Ericsson and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The... Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.