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

Editors Pick
After moving sharply higher at the open, stocks have seen further upside over the course of the trading day on Thursday. The strong upward move on the day has more than offset the pullback that was seen in the previous session. Suggesting moderate growth in the short-term, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by more than economists had anticipated in the month of September. Eurozone's consumer confidence improved unexpectedly in October after weakening in the previous four months, preliminary data from the European Commission showed Thursday. The flash consumer confidence indicator rose to -11.1 from a seven-month low of -11.4 in September. Economists had forecast a...
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.