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News Breaks | | | | February 22, 2013 | | 09:05 EDT |  | ALVR | Alvarion sells broadband wireless access division to Telrad Networks for $6.1M
Telrad Networks announced that it has agreed to acquire the broadband wireless access, or BWA, division of Alvarion for $6.1M. In addition, Alvarion may receive certain performance-based milestone payments of up to $6M. | |
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News For ALVR From The Last 14 Days Check below for free stories on ALVR the last two weeks. |
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| May 10, 2013 | | 16:03 EDT | | ALVR | Alvarion completes sale of carrier licensed division to Telrad
Under the finally agreed terms, Alvarion will receive consideration of $4M, paid in installments over four quarters, with the first payment of $1.3M payable at closing. In addition, Alvarion may receive certain performance-based milestone payments of up to $7.7M. The change in consideration from the originally-agreed consideration of $6M plus up to $6.1M in certain performance-based milestone payments, announced on February 21 resulted from a waiver of certain closing conditions in order to ensure and expedite the closing of the transaction. | | | May 6, 2013 | | 13:16 EDT |  | ALVR | Alvarion, Eltek could be near major deals, Globes columnist writes
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