Airspan Networks News
6 articles
growth-negative
Airspan axes another 30% of Israeli workforce in second round of layoffs | CTech
American telecommunications company Airspan is laying off around 60 of its 200 employees in Israel, accounting for approximately 30% of its local workforce. This is the second round of layoffs at the company, which sacked around 35 people in June 2022. Airspan provides software and hardware for 5G networks and end-to-end Open RAN solutions. The layoffs are a response to the slowdown in investments by operators in communication infrastructure, affecting the companys revenues. Airspan is working to help the affected employees find new jobs.
Layoffs
growth-negative
Airspan laying off 35 employees in Israel CTech
American telecommunications company Airspan is laying off around 35 of its employees in Israel, approximately 10% of its local workforce. The layoffs are a result of supply chain challenges and the need to adjust the companys cost structure. Airspan had previously announced plans to recruit additional employees but had to change its plans due to the crisis. The company provides software and hardware for 5G networks and has shipped over one million cells to customers in more than 100 countries. The Israeli Airspan center was established after the acquisition of the unit from Marconi in 2002.
Layoffs
growth-negative
Airspan Networks Lays Off Dozens of Employees in Israel
Florida-headquartered telecommunications company Airspan Networks Inc. has laid off dozens of employees in Israel. The companys local outpost was founded in 1999 as RDC Communications and was acquired by Airspan Networks in 2002.
Layoffs
growth-positive
The Israeli end of Airspan
Airspan Networks Inc., a Nasdaq-listed company, has an R&D center in Israel and is a competitor of Alvarion Ltd. The company plans to expand its R&D center in Israel and attract the best employees. Airspan has a market cap of $106 million and holds a 26% share of the WiMAX market. The recent acquisition of Navini Networks by Cisco Systems has boosted competition in the WiMAX market. Airspan is not focused on acquisition options but is interested in expanding its capabilities. The company has collaborations with Nortel Networks, Ericsson, and Fujitsu. Airspan is confident in the success of WiMAX in developing countries. The company has developed a USB drive with SIM card technology that allows connection to any WiMAX network worldwide. The product is expected to be released in the first quarter of 2008.
Expand
growth-positive
VoIP co Arelnet sold to Airspan for $8.7m
Airspan Networks Inc. has signed a letter of intent to purchase all outstanding securities of Arelnet for $8.7 million. Arelnet was previously acquired by an investor group for $1.6 million. The acquisition represents a five-fold return on investment. Arelnets products will be integrated into Airspans voice over Internet protocol (VoIP) solutions. The merger is seen as a positive move for Arelnet, as it will allow the company to compete more effectively against larger companies in the VoIP market. Airspan has $50 million in cash reserves and plans to continue operating Arelnet in Israel with its current management.
Acquisition
growth-positive
UK's Marconi sells Israeli wireless unit to Airspan Networks
Florida-based Airspan Networks is acquiring Marconi Communications (Israel) Limited for $3 million in cash. The acquisition will expand Airspans reach and reinforce its leadership in the international fixed-wireless access marketplace. Marconi Communications develops broadband wireless access systems known as Wireless Internet Protocol Local Loop (WipLL). The deal is subject to final approvals by Israeli government authorities. Airspan expects the purchase to immediately contribute to its operating results. The WipLL product has been shipped to 18 operators in 12 countries, with subscribers including SpeedNet Inc. of Japan.
Acquisition
