Ericsson acquires Airvana's EVDO business
(Thomson Reuters ONE) -
· Acquisition ensures long-term support for Ericsson's CDMA customers
· 38 employees of Airvana Network Solutions have joined Ericsson
Ericsson (NASDAQ:ERIC), a world-leading provider of communications technology
and services, announced today it has acquired Airvana Network Solutions' EVDO
business. The transaction was structured as a stock purchase.
Airvana's approximately 38 EVDO specialists joined Ericsson group. Airvana
Network Solutions is a Massachusetts-based company and supplier of EVDO software
to Ericsson. EVDO software enables data transmission in a CDMA wireless network
and is an important part of the CDMA ecosystem.
Paul Challoner, Vice President, head of CDMA Radio product, says: "Ericsson is
committed to CDMA and to its CDMA customers. We recognize that CDMA will
continue to be an important technology in the operators' networks. We continue
our vertical integration strategy for key CDMA products and further strengthen
our control over product portfolio, ensuring long-term support to our customers
with the ability to better respond to their requirements."
Ericsson and Airvana will jointly seek dismissal of the lawsuit filed by Airvana
in February 2012, against Ericsson in the Supreme Court of the State of New
York, USA.
NOTES TO EDITORS
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Ericsson is a world-leading provider of communications technology and services.
We are enabling the Networked Society with efficient real-time solutions that
allow us all to study, work and live our lives more freely, in sustainable
societies around the world.
Our offering comprises services, software and infrastructure within Information
and Communications Technology for telecom operators and other industries. Today
40 percent of the world's mobile traffic goes through Ericsson networks and we
support customers' networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180
countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In
2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson
is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
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Ericsson acquires Airvana?s EVDO:
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Source: Ericsson via Thomson Reuters ONE
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Datum: 06.09.2013 - 14:00 Uhr
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News-ID 294221
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