Dragonwave closes acquisition of NSN microwave unit

Mobile backhaul systems vendor Dragonwave has closed its acquisition of the microwave backhaul business unit of Nokia Siemens Networks. Completion of the deal comes about three weeks after the Canadian company had changed some aspects of its agreement to buy the unit. The changes included amending the price of the deal upward from about $13.7 million to $15.4 million. The companies also altered the ongoing services agreement under which Dragonwave will continue to support existing NSN customers, and other details. Dragonwave also recently announced that the former NSN backhaul products would be rebranded as Dragonwave's new Harmony product line, targeted at hybrid TDM and packet backhaul opportunities. Article

 

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