Aviat Networks said it is seeking a buyer for its WiMAX business.
The IP wireless radio company 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.
Via Telsima, Aviat also has been working with WiMAX operators in India.
"The decision to sell our WiMAX business will enable the company to further focus and invest in our core wireless transmission business and position the company for long-term growth," said Chuck Kissner, chairman and CEO of Aviat Networks.
The company made the revelation in its fiscal third-quarter financial release, and said its results excluded those of the WiMAX business. The company said its net loss from continuing operations was $25.5 million, up from the net loss of $22.5 million it reported in the previous year.
- see this release
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