ADC has sold its GSM base station and switching business to Altobridge for an undisclosed amount. As part of the transaction, Altobridge is acquiring ADC's existing GSM base station and switching product customer base and retaining all of the employees necessary to support the business. In addition, Altobridge is acquiring certain assets and intellectual property related to the product portfolio.
"The sale of our GSM base station and switching technology to Altobridge is a positive development for our respective customers, employees, shareowners and companies," said Dick Parran, president of Network Solutions business unit for ADC. "ADC maintains a strong commitment to expanding our leadership position in providing in-building and outdoor wireless solutions that are increasingly essential in meeting the coverage and capacity challenges of 3G and 4G networks, while Altobridge is well positioned to build on the strong foundation established by both companies in the remote and specialty network market."
"Mobile Network Operators face a major challenge to deliver accelerating voice and data traffic for declining returns. Altobridge will continue to innovate and deliver further solutions that drive down these underlying communication costs," said Mike Fitzgerald, CEO of Altobridge. "This acquisition will enable Altobridge to broaden our Intellectual Property portfolio and grow our Fully Managed Service business as we work hand in hand with MNOs striving to connect their subscriber groups at lower costs."
Contracts and warranties with existing and pending customers will continue to be supported by Altobridge.
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