Cisco closes in on Navini acquisition

Cisco Systems, which announced in October its intent to acquire WiMAX technology developer Navini for $330 million, should complete the acquisition in a number of days, according to a report from ComputerWorld. Cisco originally aimed to leverage Navini's assets to bring wireless broadband to emerging markets. The deal will still help Cisco target those markets, but executives at the company recently said they may also market to the U.S. WiMAX service providers, like Sprint and Clearwire.

"We'll go where the business is," said Brett Galloway, general manager of wireless networking at Cisco.

For more on the deal:
- read this article from ComputerWorld