January 4, 2006

Wave and WaveRider in broadband merger

North American broadband companies WaveRider and Wave Wireless announced a merger Wednesday that will facilitate the launch of new products.

The merger folds the Wave Wireless mesh networking products in with WaveRider's family of last-mile fixed and mobile 900 megahertz wireless products.

Operations in the United States and Canada will be merged with WaveRider being incorporated into a wholly owned Wave Wireless subsidiary.

Officials from both companies said the deal would position the new company to sell and distribute a "broad suite of wireless broadband solutions."

Under the terms of the agreement, WaveRider securities holders will exchange their interest for Wireless Wave stock. The ownership will be split 50-50 between the two companies.

Copyright 2006 by United Press International

Citation: Wave and WaveRider in broadband merger (2006, January 4) retrieved 6 July 2024 from https://phys.org/news/2006-01-waverider-broadband-merger.html
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