Alvarion postponed publication of its fourth quarter report, "due to ongoing negotiations to sell its licensed carrier business."
Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) has postponed the publication of its fourth quarter and full-year financial report for 2012 and conference call, scheduled for today, "due to ongoing negotiations to sell its licensed carrier business." The company has rescheduled the publication of its financials to March 6.
The analysts' consensus is that Alavarion will report a loss per share of $0.08 on $26.5 million revenue for the fourth quarter and a loss per share of $0.38 on $120.7 million revenue in 2012.
In January, "Globes" reported that Alvarion was holding talks to be sold to US security solutions provider DVTel Inc. for $50 million, while it was simultaneously in talks to sell its WiMAX division to Israeli private equity fund Fortissimo Capital for a few million dollars.
Published by Globes [online], Israel business news - www.globes-online.com - on February 20, 2013
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