CN Tetragen and NSN agree Expedience deal

Technology holding CN Tetragen has agreed a deal to buy a key broadband business from Nokia Siemens Networks.

The Spanish communications firm revealed it has acquired Expedience, a fixed-wireless broadband operation, which will be operated by a new company it has created called Nexpedience Networks.

Kiriako Vergos, chairman and chief executive of CN Tetragen, said: "With this acquisition, we are in a good position to ensure continuity for the manufacturing of the Expedience technology while developing a solid road map for its future. We are extremely committed to achieving this."

The agreement reached with Nokia Siemens Networks means that CN Tetragen has secured the entire Expedience portfolio and its assets, including contracts with suppliers and customers.

Stephan Scholz, head of divestment projects for network systems at Nokia Siemens Networks, also welcomed the deal, saying it fits with his company's strategy and should help to provide a better customer experience.

"We believe our customers will benefit from the greater focus, scale and concentration on Expedience that CN Tetragen can offer," he said.

More News

EE teams up with Apple Music to tempt UK mobile customers EE teams up with Apple Music to tempt UK mobile customers EE is to offer Apple Music to its subscribers as it launches the latest salvo in the bid for leadership of the UK’s mobile market. More detail
Whatsapp updates T&Cs as it prepares to open up to enterprise market Whatsapp updates T&Cs as it prepares to open up to enterprise market Whatsapp has updated its terms of service and privacy policy as it looks to make good on a promise to give the enterprise market access to its customer base. More detail
Cisco Jasper wins Taiwan Mobile enterprise IoT deal Cisco Jasper wins Taiwan Mobile enterprise IoT deal Cisco Jasper has won a deal to supply Taiwan Mobile with its Control Centre platform. More detail
Public cloud spending to double by 2020, report finds Public cloud spending to double by 2020, report finds Revenue from public cloud services will reach over $195 billion in 2020, more than doubling the current market size, according to new research. More detail
Swantee finds growth hard to come by at Sunrise Swantee finds growth hard to come by at Sunrise New Sunrise CEO Olaf Swantee said there was “more to be done” as the Swiss operator saw sales and profits continue to decline in the second quarter. More detail
    

@eurocomms