Nokia and Vecima Networks (TSX: VCM) has announced the successful completion of the sale of Nokia´s Gainspeed portfolio, supporting technology and assets to Vecima Networks, the company said.
This follows the planned acquisition that was originally announced.
Nokia will maintain an ongoing business relationship with Vecima that includes key, enabling technologies, to address unified cable access opportunities. Nokia will retain its cable-related products and solutions including mobile, routing, transport, fiber, and fixed wireless access technology, along with network operations and customer experience-related solutions.
Financial details of the sale are not being disclosed.
Vecima Networks Inc. is a global leader focused on developing integrated hardware and scalable software solutions for broadband access, content delivery, and telematics. For more information, visit www.vecima.com.