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Broadband wireless vendor Airspan said it is acquiring a voice over IP company: Airspan is acquiring ArelNet for $8.7 million. Airspan recently introduced a product line that it hopes will pass the WiMax standardization process. This acquisition will allow Airspan to support voice services on its networks.
Update: This announcement was actually first made in December, when the companies signed a “letter of intent” for Airspan to make the purchase. Today, the companies signed a “definitive purchase agreement” which is still subject to the usual approvals.
Posted by nancyg at March 29, 2005 3:43 PM
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