Telecommunications Industry News
Nortel Drops Alvarion WiMAX Deal as Part of Bankruptcy Restructuring6:55 am on January 30, 2009 | Category: Business, Cellular, WiMAX, Wireless Technology
Struggling telecom equipment maker, Nortel Networks, said yesterday that it will abandon a deal to sell Alvarion Ltd.’s WiMAX equipment, and concentrate instead on well-established relationships with cellular carriers.
In recent months, Nortel has hailed WiMAX as a promising wireless broadband technology. The company entered bankruptcy protection earlier this month, however, and is currently restructuring in hopes of regaining financial stability.
“We are taking rapid action to narrow our strategic focus to areas where we can drive maximum return on investment,” said Nortel’s president of carrier networks, Richard Lowe. “Our continued success in the wireless business requires us to focus our energy on opportunities with long-standing customers. This will position Nortel more effectively to capitalize on future resurgence of carrier spend levels and drive value to the business.”
Nortel pledged to work closely with Alvarion to continue supporting existing WiMAX customers.
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Published by TeleClick Enterprises
Edited by Jeremy Maddock