· Acquisition ensures long-term support for Ericsson's CDMA customers
· 38 employees of Airvana Network Solutions have joined Ericsson
Ericsson (NASDAQ:ERIC), a world-leading provider of communications technology and services, announced today it has acquired Airvana Network Solutions' EVDO business. The transaction was structured as a stock purchase.
Airvana's approximately 38 EVDO specialists joined Ericsson group. Airvana Network Solutions is a Massachusetts-based company and supplier of EVDO software to Ericsson. EVDO software enables data transmission in a CDMA wireless network and is an important part of the CDMA ecosystem.
Paul Challoner, Vice President, head of CDMA Radio product, says: "Ericsson is committed to CDMA and to its CDMA customers. We recognize that CDMA will continue to be an important technology in the operators' networks. We continue our vertical integration strategy for key CDMA products and further strengthen our control over product portfolio, ensuring long-term support to our customers with the ability to better respond to their requirements."
Ericsson and Airvana will jointly seek dismissal of the lawsuit filed by Airvana in February 2012, against Ericsson in the Supreme Court of the State of New York, USA.
NOTES TO EDITORS
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