Alvarion® Ltd. (ALVR) Broadband Wireless Access Division to be Acquired by Telrad Networks
Alvarion, a provider of highly optimized wireless broadband capabilities with a portfolio of solutions spanning across licensed and unlicensed spectrums, was reported today by leading private global telecom solutions provider, Telrad Networks, as having agreed to Telrad’s $6.1M acquisition offer on ALVR’s broadband wireless access (BWA) division. In addition to the reported sticker price, the deal also stipulates that Alvarion may receive performance-based milestone payments up to $6M, which isn’t much of a leap of faith, considering the burgeoning growth of BWA technology across the massive global wireless broadband space. The incredibly transformative effect of disseminating internet access via such…