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

Three reports revenue rise, remains on the lookout for M&A as O2 talks continue Three reports revenue rise, remains on the lookout for M&A as O2 talks continue Three reported an impressive set of 2014 financial results but did not offer any update on its acquisition of O2 in the UK. More detail
Bouygues Telecom aims for turnaround as it makes 2014 loss Bouygues Telecom aims for turnaround as it makes 2014 loss Struggling French operator Bouygues Telecom said it was eyeing a return to profitability in 2015, after continued pressure in the country’s mobile marketplace led to a fall in revenues and a loss last... More detail
Deutsche Telekom eyes continued revenue growth as it plans to keep on investing Deutsche Telekom eyes continued revenue growth as it plans to keep on investing Deutsche Telekom said it expected organic growth of between one and two percent over the next three years as it unveiled an impressive set of financial results for 2014. More detail
Extraordinary losses for Telefónica in 2014 as it eyes turnaround Extraordinary losses for Telefónica in 2014 as it eyes turnaround A series of write-downs following restructuring in Europe and a sharp devaluation of currencies in overseas markets saw profits at Telefónica down nearly 35 percent last year.  More detail
Deutsche Telekom gets into bed with Airbnb as it unveils European partnership Deutsche Telekom gets into bed with Airbnb as it unveils European partnership Deutsche Telekom has announced a pan-European partnership with rental accommodation company Airbnb. More detail
    

This website uses cookies to improve your experience. Using our website, you agree to our use of cookies

Learn more

I understand

About cookies

This website uses cookies. By using this website and agreeing to this policy, you consent to SJP Business Media's use of cookies in accordance with the terms of this policy.

Cookies are files sent by web servers to web browsers, and stored by the web browsers.

The information is then sent back to the server each time the browser requests a page from the server. This enables a web server to identify and track web browsers.

There are two main kinds of cookies: session cookies and persistent cookies. Session cookies are deleted from your computer when you close your browser, whereas persistent cookies remain stored on your computer until deleted, or until they reach their expiry date.

Refusing cookies

Most browsers allow you to refuse to accept cookies.

In Internet Explorer, you can refuse all cookies by clicking “Tools”, “Internet Options”, “Privacy”, and selecting “Block all cookies” using the sliding selector.

In Firefox, you can adjust your cookies settings by clicking “Tools”, “Options” and “Privacy”.

Blocking cookies will have a negative impact upon the usability of some websites.

Credit

This document was created using a Contractology template available at http://www.freenetlaw.com.