Nokia completes sale of DOCSIS Distributed Access Architecture and EPON/DPoE portfolios to Vecima Networks
Espoo, Finland and Victoria, BC – Nokia and Vecima Networks (TSX: VCM) today announced the successful completion of the sale of Nokia's Gainspeed portfolio, supporting technology and assets to Vecima Networks. This follows the planned acquisition that was originally announced.
Nokia will maintain an ongoing business relationship with Vecima that includes key, enabling technologies to address unified cable access opportunities. Nokia will retain its cable-related products and solutions including mobile, routing, transport, fiber, and fixed wireless access technology, along with network operations and customer experience-related solutions. Financial details of the sale are not being disclosed.
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