RadioFrame Networks is responding to the economic slowdown by exiting the femtocell hardware business, according to a story in Unstrung. The company will continue to make chips for femtocells.
RadioFrame has closed down its European office in Dublin and will remain active in the U.S. "While we closed down Europe specific to Femto cell, we are now focused on our iDEN and ASIC businesses," the company's CEO Jeff Brown said in an email to Unstrung.
RadioFrame's femtocell product was a 7.2 Mbps HSDPA standalone device called the OmniCell@Home. It was not yet commercially available and wasn't involved in any operator trials. Last August, the vendor closed on a $28-million round of Series F financing, which brought its total funding to more than $100 million since 2001.
For more:
- see Unstrung
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