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Cisco snaps up Navini Networks

Posted: 25 Oct 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Navini Networks purchase? mobile broadban? wireless service?

Cisco Systems Inc. will acquire Navini Networks Inc., a provider of mobile WiMAX solutions. The Texas-based Navini is one of the pioneers in the integration of Smart Beamforming technologies with MIMO antenna, which the company claims improves performance and range for WiMAX services and lowers the overall deployment and operational costs for service providers.

Under the terms of the agreement, Cisco will pay approximately $330 million in cash and assumed options. The Navini acquisition is subject to various standard closing conditions and is expected to close in the second quarter of Cisco's 2008 fiscal year. Upon the close of the acquisition, Cisco plans to integrate Navini into its Wireless Networking Business Unit, under the Ethernet and Wireless Technology Group.

With the Navini pruchase, Cisco will be able to extend further its IP Next-Generation Network (IP NGN) vision that the company claims will enable service providers to deliver any service to any device over any network, a vision that Cisco calls the Connected Life.

"Emerging country service providers are in expansion mode, building out broadband wireless networks and are concerned about deployment costs and the availability of skilled resources," said Brett Galloway, vice president and general manager of the Wireless Networking Business Unit, Cisco, in a statement. "Around the world, broadband wireless networks based on WiMAX have the potential to add millions of new Internet users who cannot be reached economically using copper or fiber infrastructures. Additionally, WiMAX networks will help drive the transition to open IP-based broadband wireless architectures and accelerate the rollout of new applications and services."

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