Meru Networks files for $86.2M IPO

Wireless LAN vendor Meru Networks filed for an initial public offering (IPO) of up to $86.25 million, hoping to capitalize on what it expects to be rapid growth in the industry. The company, which partnered earlier this year with T-Mobile USA to bring fixed-mobile convergence (FMC) offerings to enterprise customers via unlicensed mobile access (UMA) technology, said in a Securities and Exchange Commission filing it wants to increase its sales and marketing efforts, make capital investments and put money into research and development. Article

Suggested Articles

CNBC reports that it’s coming down to “decision days” and next week may indeed be the make-or-break week for the $26.5 billion T-Mobile/Sprint tie-up.

Crown Castle boosted its yearly guidance after experiencing more tower activity than expected in the second quarter, but delays at burdened municipalities…

Verizon is charging Unlimited plan customers $30 per month for 50GB of 5G data and 15GB of 4G LTE data on the new 5G Inseego MiFi hotspot, with device-only…