Monday, January 6, 2003

P-Com and Telaxis Terminate Merger Agreement

P-Com and Telaxis mutually terminated their planned merger.
http://www.tlxs.com
http://www.p-com.com

  • On September 10, P-Com and Telaxis agreed to merge in a stock-swap deal that would have combined P-Com's point-to-point, spread spectrum, and point-to-multipoint broadband wireless products with Telaxis' FiberLeap products, which also provide wireless extensions for fiber networks. The combined company was be headquartered in Campbell, California and was expected to have more than 250 employees. Together, P-Com and Telaxis have more than 150,000 radios installed around the world.