Vecima Networks Plans to Acquire Distributed Access Architecture, Portfolios from Nokia

Nokia and Vecima Networks (TSX: VCM) has announced plans for Vecima to acquire key, next generation technology and products for cable service providers, the company said.

Under the agreement, Nokia´s Gainspeed portfolio along with all supporting technology and assets will transition to Vecima Networks. The planned deal is expected to close quickly subject to customary closing conditions. Financial details are not being disclosed.

Vecima Networks is a global leader focused on developing integrated hardware and scalable software solutions for broadband access, content delivery and telematics. Nokia´s Gainspeed cable access portfolio is well-aligned with Vecima´s Entra™ family, both of which address the migration to cable´s 10G platform, including DAA (Distributed Access Architecture) and 10G-EPON (Ethernet Passive Optical Network).

Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. Visit www.nokia.com.

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.