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
Social media app Snapchat has introduced a new location service, Snap Map, that will allow users of the app to see the location of all their friends on a map. The new feature will essentially allow a user to see where his friends are hanging out and what they are up to and also share his own location with friends in real time. The U.S. has suspended all imports of fresh beef from Brazil due to recurring concerns about the safety of the products. The suspension of shipments from Brazil, the fifth largest exporter of beef to the U.S., will remain in place until the Brazilian Ministry of Agriculture takes corrective action, the U.S. Department of Agriculture or USDA said in a statement. The annual Federal stress test was cleared by 34 top banks. The result shows strong capital levels and the ability of large banks to remain capitalized even in stressed situations. The Federal Reserve noted that these banks will be able to lend to households and businesses even at severe recession and throughout the economic cycle.
comments powered by Disqus
Follow RTT