GSM base station vendor AirNet Communications is filing for Chapter 11 bankruptcy in a bid to reorganize the company's finances and emerge as a privately held company. At the end of April, the company announced plans to cut its workforce by 35. At the time of the announcement, the company said it may be forced to wind down its business if it failed to generate "meaningful sales."
To read more about AirNet's Chapter 11 bankruptcy filing:
- check out this article from Wireless Week