Nortel Networks has sold its fixed wireless hardware business to networking vendor Airspan in a £7.6m deal.
Airspan will acquire Nortel's assets associated with the manufacture, development and support of the fixed wireless product line sold by Nortel Networks under the Proximity trade name. The deal is likely to be finalised by the end of the year.
"This signing represents a major milestone for the growth of Airspan," said Eric Stonestrom, chief executive officer of Airspan Networks.
"The acquisition of Nortel Networks' fixed wireless access business will solidify Airspan's position as the market and technical leader in the fixed wireless market."
In a separate move, Nortel competitor Avaya has sold its fibre optic cabling division to US-based CommScope for £156m.
Avaya, which was spun off from Lucent three years ago, has been rejigging its channel strategy. The sale not only raises funds but allows the company to focus on its the IP telephony market.
"It seems to me to be wise to be disinvest from optical - in the short term at least," said Keith Humphreys, managing consultant at analyst EuroLAN.
"Suppliers are more busy trying to give solid return on investment today rather than at some point in the future."
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