Alvarion Divests Licensed Gear To Focus On Unlicensed Market
Global telecom-gear provider Telrad Networks is buying Israel-based Alvarion’s carrier licensed division for $6.1 million, and it will retain the related employees. Alvarion also could reap another $6 million in performance-based milestone payments. Alvarion officials say the company now will focus on carrier-grade products that work in unlicensed frequencies. The two also inked a reseller agreement allowing Alvarion to continue to provide carrier licensed solutions to its partners and distributors, while Telrad will sell Alvarion’s unlicensed solutions to its carrier customers after deal closes.

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Paramount’s Reason for Settling Trump Lawsuit

With news breaking overnight of Paramount Global’s $16 million settlement of President Trump’s “60 Minutes” lawsuit, the company couldn’t ignore the elephant in the room during its annual shareholder meeting Wednesday.

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