Aivat sells WiMAX business

About four months after announcing its intention to sell off its WiMAX business, Aviat Networks announced it has found a buyer. The company said it sold the business to EION Networks, a privately owned Canadian company in Ottawa for an undisclosed amount.

Aviat bought WiMAX vendor Telsima back in 2009 for $12 million, and won a deal with rural broadband operator Open Range to run Open Range's WiMAX network. However, Open Range (a Fierce 15 winner) recently made a network deal with LightSquared, which is aiming to build a nationwide wholesale LTE network. In May, as part of a company restructuring aimed at reducing costs, streamlining operations, and optimizing the company's business model, Aviat Networks announced its intentions to sell the WiMAX business. Aviat's fiscal third-quarter net loss from continuing operations was $25.5 million.

"The sale of the WiMAX business will enable us to better focus our resources and investments on our microwave transmission products, further positioning us for long-term success," said Michael Pangia, president and CEO of Aviat Networks in a release. "We will work with EION Wireless to ensure a smooth transition for both our customers and employees."

Aviat's WiMAX business will be consolidated into a division of EION Networks, called EION Wireless, as a result of the sale. EION Wireless wants to extend its broadband wireless solutions portfolio with the purchase of this business.

For more:
- see this release

Related articles:
Aviat selling off WiMAX business
Harris Stratex snaps up WiMAX vendor Telsima for $12M
Open Range finds favor with the FCC, LightSquared
Harris Stratex now Aviat Networks

Suggested Articles

WISPs received permission to use 45 MHz of 5.9 GHz spectrum to help meet the surge in demand as a result of the coronavirus pandemic.

The testing will allow T-Mobile to consider real-world data from existing consumer devices capable of using the 2.5 GHz band.

Microsoft has signed a definitive agreement to acquire Affirmed Networks, which sells virtualized, cloud-native mobile network solutions to operators.