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

UK telcos could be forced to shell out £185 million for poor service under Ofcom plans UK telcos could be forced to shell out £185 million for poor service under Ofcom plans Telecoms customers in the UK who experience poor landline or broadband service could be subject to automatic compensation under new proposals made by regulator Ofcom. More detail
eir loses CCO, appoints new CITO eir loses CCO, appoints new CITO Jon Florsheim has quit as Chief Commercial Officer of eir, the Ireland-based operator has revealed. More detail
Telefónica wins five-year Ferrovial comms deal Telefónica wins five-year Ferrovial comms deal Telefónica will supply infrastructure company Ferrovial with a range of communications services after winning a five-year deal. More detail
Virgin Media makes 100MBps standard for all UK broadband customers Virgin Media makes 100MBps standard for all UK broadband customers Virgin Media has revamped its bundles and made broadband speeds of 100MBps the minimum that customers will receive. More detail
BT reveals Michelin, Co-op contract wins BT reveals Michelin, Co-op contract wins BT has won deals to supply a range of services to Michelin and the Co-operative Group, it has revealed. More detail
    

@eurocomms