Aircom International sold
UK based network optimization firm Aircom International has been taken over just days after signing up to a 5G research project in the country.
The UK software company is being acquired by Teoco, a provider of assurance, analytics and optimization services based in the US. The firm aims to leverage Aircom International’s RAN expertise to boost its own analytics tools with information on subscriber behavior, location, and service experience.
Alwyn Welch, chief executive of Aircom International, says the combined company provides “deeper and broader expertise to support the emerging needs of operators of all sizes.” The combined company will have 300 customers in 100 countries.
Adding the expertise of Aircom International is a “turning point for Teoco,” explains Atul Jain, founder and chief executive of the US firm. “Aircom’s market and technology leadership elevates and solidifies Teoco’s position as a trusted solutions partner to manage the end-to-end process of planning, deploying and operating” wireless spectrum.
Details of the takeover emerged just days after Aircom International revealed it has joined a consortium of industry leaders backing a 5G research center being constructed by the University of Surrey.