| Altobridge acquires ADC GSM base station and switching product portfolio |
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11 January 2010 Altobridge has acquired ADC’s portfolio of GSM base station and switching products. Terms of the transaction were not disclosed. “The sale of our GSM base station and switching technology to Altobridge is a positive development for our respective customers, employees, shareowners and companies,” said Dick Parran, president of Network Solutions business unit for ADC. The ADC GSM base station and switching product portfolio supports applications such as remote wireless and small national networks, as well as government, emergency and private network communications. These products complement Altobridge’s innovations in several markets, say the companies, including its fully managed service business for meeting the growing communication needs of emerging markets, and solutions for optimizing voice and data transmission for mobile network operators (MNOs). As part of the transaction, Altobridge is acquiring ADC’s existing GSM base station and switching product customer base and retaining all of the employees necessary to support the business. In addition, Altobridge is acquiring certain assets and intellectual property related to the product portfolio. Both companies say they are committed to ensuring a smooth transition for existing customers. Contracts and warranties with existing and pending customers will continue to be supported by Altobridge. CLICK HERE for Altobridge. CLICK HERE for ADC. |
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