Alvarion, one of WiMAX’s biggest champions over the years, has sold its carrier licensed division to network vendor Telrad Networks for $6.1 million, marking an end to a business that had seen dwindling revenue as more and more carriers selected LTE.
Telrad will integrate Alvarion’s carrier licensed division as a core growth engine for our business,” said Ran Bukshpan, CEO, Telrad Networks.
Alvarion’s carrier licensed business started over 15 years ago. Its most recent product offering – the BreezeCOMPACT family – offers a single-box, all-outdoor solution that is TD-LTE Advanced-ready with a software upgrade. Launched during the second quarter of 2012, the BreezeCOMPACT has been successfully deployed by tier one and tier two operators in Latin America, Eastern Europe and Africa. Alvarion’s BreezeMAX line is their 802.16e-based WiMAX solution.
Alvarion and Telrad also agreed to sign a reseller agreement under which Alvarion will continue to provide carrier licensed solutions to its partners and distributors and Telrad will provide Alvarion’s unlicensed solutions to its carrier customers after the deal is completed.
In addition to the $6.1 million, Alvarion “may receive certain performance-based milestone payments of up to $6 million,” the companies said in a statement. The firms expect the deal to close during the second quarter. Telrad is owned by private equity fund Fortissimo Capital.