Broadband wireless systems developer Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) has signed with a Canadian broadband Internet provider to help build a 4G network in Canada.
The deal is reportedly worth over $75 million.
Barrett Xplore Inc. says that it is Canada's largest rural broadband internet provider. The company and Alvarion will deploy the first national 4G network in Canada.
Under the agreement, Alvarion will supply its end-to-end 4Motion 4G solution, including subscriber devices and professional services. The new state-of-the-art network will allow Barrett to expand its rural broadband offerings into new service areas while allowing additional service options to existing customers.
Barrett’s planned 4G wireless network will provide services across Canada’s vast geography. Initially, services will focus on high-speed data with expansion to include VoIP and other services in the future.
Barrett CEO John Maduri said, "We plan to introduce the latest 4G services so our customers can enjoy the benefits of top-quality broadband, at competitive prices."
This win reflects Alvarion’s success in deploying large 4G projects, and is another indication of its continued focus on high growth markets where the adoption of broadband services is expected to accelerate over the coming years.
Barrett Xplore is based in Woodstock, New Brunswick. The company operates Xplornet Internet Services, Canada’s largest rural broadband provider, with customers and dealers in every province and territory.
Shares in Alvarion closed at $1.89 yesterday, giving a market cap of $117.52 million.
Published by Globes [online], Israel business news - www.globes-online.com - on October 7, 2010
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