Business
VCom Completes Purchase of Wave Wireless Assets
VCom Completes Purchase of Wave Wireless Assets.
About this update from Vecima Networks Inc.
[{"type":"text","content":"\n\n\n\n\nVICTORIA, Oct. 20 /CNW/ - VCom Inc. (TSX: VCM), a leader in broadband\nlast mile access technology, announces today, as an update to its\nSeptember 29, 2006 disclosure, that it has completed the purchase of the\nadditional assets associated with the Sales and Marketing components of Wave\nWireless Corporation's 900 MHz business. Under the finalized terms of the\nagreement, VCom now owns the operational assets associated with the 900MHz\nbusiness of Wave Wireless' wholly owned subsidiary; WaveRider Communications\nInc. VCom's geographic presence has grown with new offices in Toronto and\nCalgary as a result of the agreement. The spaces will continue to serve as\nR&D, marketing and sales hubs for the acquired 900 MHz business, but\nadditionally, will be strategically coupled with sales and technical support\nfor VCom's growing wireless business.\n\"The strategic location of the Toronto office in particular provides us a\nkey opportunity to address the needs of our rapidly growing customer base in\nthe wireless business,\" said VCom Chief Executive and Chairman, Dr. Surinder\nKumar. \"Market interest in our broadband internet radios, in particular our\nnew family of WiMAX radios has increased considerably and this acquisition\ngives our customer support system closer proximity and increased dedication to\na wide range of current and prospective clients.\"\n\nAbout VCom\n\nVCom Inc. designs, manufactures and sells products that enable broadband\naccess to cable, wireless and telephony networks. VCom's hardware products\nincorporate embedded software developed by it to meet the complex requirements\nof next-generation, high-speed digital networks. Service providers use VCom's\nsolutions to deliver services to a converging worldwide broadband market,\nincluding what are commonly known as \"triple play\" (voice, video and data) and\n\"quadruple play\" (voice, video, data and wireless) services. VCom's solutions\nallow service providers to rapidly and cost-effectively bridge the final\nnetwork segment that connects the system directly to end users, commonly\nreferred to as \"the last mile\", by overcoming the bottleneck resulting from\ninsufficient carrying capacity in legacy, last mile infrastructures. VCom's\nproducts are directed at three principal markets: Data over Cable, Broadband\nWireless and Digital Video. The Com...