Acquisition of BelAir Networks will enable Ericsson to complement its
heterogeneous network (hetnet) offering with carrier grade Wi-Fi
Ericsson's hetnet with carrier grade Wi-Fi integrated into the networks
will enable operators to further improve the mobile broadband user
Ericsson to offer a leading carrier grade Wi-Fi solution in combination
with its global presence of mobile solutions and service capabilities
TORONTO, Feb. 21, 2012 /CNW/ - Ericsson (NASDAQ: ERIC) today announced
that it has entered into an agreement to acquire 100% of the shares in
the privately-held Canadian Wi-Fi company BelAir Networks. Through this
transaction, Ericsson will acquire a strong carrier grade Wi-Fi
portfolio, technological expertise, IPR, and established customer
contracts and relationships. The terms of the transaction were not
Wi-Fi technology is an important part of the overall mobile broadband
user experience and is rapidly becoming a standard feature in
smartphones, PCs, tablets and in other consumer electronics devices.
The demand for Wi-Fi technology in mobile networks will continue to grow
over the coming years. This is brought on by the growth of mobile
broadband as well as the increase in cloud-based services and other
high data-consuming functions and features. To meet this growing
demand, Ericsson launched its Network Integrated Wi-Fi solution in
Ericsson is now taking the next step towards a truly integrated network.
The combination of Ericsson's mobile infrastructure technology
leadership and BelAir Networks' leading position in carrier grade Wi-Fi
equipment will accelerate the integration of Wi-Fi and cellular
technologies. The acquisition of BelAir Networks will be part of
Ericsson's heterogeneous network (hetnet) strategy to improve the
mobile broadband experience by managing the co-existence of mobile
technologies and Wi-Fi.
The BelAir Networks' indoor and outdoor Wi-Fi systems enable service
providers to build scalable, high performance Wi-Fi networks. The
company develops mobile networking solutions that are deployed by
service providers including AT&T and Comcast.
BelAir Networks has a clear focus on carrier grade Wi-Fi where the
company today holds both a market and technology leading position.
Established in 2002, BelAir Networks is based in Ottawa, Ontario and
has approximately 120 employees. BelAir Networks' employees will join
Ericsson's global organization.
"Ericsson will lead the way in the growing converged Wi-Fi and cellular
market where improved end-user experience is the driving force. By
integrating BelAir Networks' market-leading products and competence
into Ericsson's existing radio portfolio, we will be able to do this
more quickly. We welcome 120 highly skilled people into the company,"
said Hans Vestberg, CEO of Ericsson.
"By focusing on the needs of leading service providers, BelAir Networks
has achieved industry leadership with our unique portfolio of
carrier-grade Wi-Fi" said Bernard Herscovich, CEO of BelAir Networks
"This transaction is a natural step in the continued development of
BelAir Networks and we believe that Ericsson presents a strategic and
The acquisition is expected to close during the first half of 2012,
subject to customary closing conditions
NOTES TO EDITORS
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Ericsson is the world's leading provider of communications technology
and services. We are enabling the Networked Society with efficient
real-time solutions that allow us all to study, work and live our lives
more freely, in sustainable societies around the world.
Our offering comprises services, software and infrastructure within
Information and Communications Technology for telecom operators and
other industries. Today more than 40 percent of the world's mobile
traffic goes through Ericsson networks and we support customers'
networks servicing more than 2 billion subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded
in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the
company had revenues of SEK 226,9 billion (USD 35.0 billion). Ericsson
is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock
SOURCE Ericsson Canada
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