Alvarion agreed to acquire InnoWave, a fully-owned subsidiary of ECI Telecom, for $9.7 million in cash. Both companies are providers of fixed wireless solutions and both are based in Israel. Alvarion will recruit approximately 150 employees of InnoWave worldwide. InnoWave offers a wireless DSL alternative that operates in the 1.5GHz to 5.7GHz frequency bands. Its modular MultiGain Wireless (MGW) system uses field-proven Frequency Hopping CDMA technology to provide scalable toll quality voice, high-speed Voice Band Data (VBD), and ISDN-BRI services in the 800MHz - 3.8GHz frequency bands.
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Tuesday, February 18, 2003
Alvarion to Acquire InnoWave, ECI's Fixed Wireless Subsidiary
Tuesday, February 18, 2003
