Telrad Networks News
20 articles
טלרד נמכרה לקסווה ב-200 מיליון שקל - Techtime - חדשות אלקטרוניקה והייטק
Telrad Networks has been acquired by Liquid Telecommunications, a subsidiary of Cassava Technologies, for approximately 200 million shekels. The acquisition will allow Telrad to expand its international operations. Telrad will continue to operate under the leadership of its CEO, Motti Elmaliach. Cassava Technologies includes Intelligent Liquid, a provider of digital infrastructure services, and Africa Data Centers, which operates data centers across Africa. Telrad operates in the fields of communication infrastructure, cellular solutions, and digital mapping services. The companys sales in Q1 2022 amounted to approximately $42.7 million. The acquisition was completed on August 16, 2022.
Acquisition
Telrad Networks sold for NIS 199m five years after IPO
Telrad Networks, a telecommunications equipment manufacturer, is being sold to Liquid Intelligent Technologies for NIS 199 million. This valuation is below Telrads post-money valuation in its IPO in 2017. Telrads share price rose 18% after news of the deal was released. Liquid Intelligent Technologies is active in telecommunications, data centers, cyber, and cloud services in sub-Saharan Africa. Telrads main shareholders are Fortissimo, Phoenix Holdings, and Excellence. Telrads revenue in 2021 was $179 million, with a slight decline attributed to global supply chain problems. Telrads net profit in 2021 was $5.5 million. The deal is subject to approval by Telrads shareholders and regulatory approvals.
Acquisition
Telrad Solutions Will Power Nationwide High-speed LTE Networks from Bridge Internet
Telrad Networks has been chosen by Bridge Internet to equip a series of 5G and 4G LTE networks in rural towns and mid-sized cities across the United States. Bridge Internet aims to bring affordable, high-speed Internet access to underserved communities outside of metro areas. Telrads wireless solutions were selected for their performance, flexibility, and price points. Telrad will provide the majority of the LTE network infrastructure and work closely with Bridge Internet for successful deployments. The partnership aims to close Americas digital divide and provide consistent and quality bandwidth in rural areas.
Customers
Telrad Acquires WaveIP Business Operations and WipAir Portfolio
Telrad Networks has announced its acquisition of WaveIPs business operations and product portfolio, including its Wi-Fi 6 technology. The acquisition will augment Telrads product portfolio and provide increased market reach and a broader customer base. Telrad plans to leverage WaveIPs broadband wireless technologies to deliver cost-effective solutions and confirm its place at the forefront of the telecom industry. The acquisition will enhance Telrads development roadmap and bring more value to its existing customer base. The combination of Telrad and WaveIP is seen as a strong fit, unlocking more potential for customers and offering unprecedented flexibility and scalability for wireless broadband infrastructure.
Acquisition
Telrad and Redzone Complete Cutting-Edge Wireless Broadband Infrastructure Expansion and Upgrade in 90 Days
Telrad Networks and Redzone Wireless have completed a fast-paced infrastructure rollout, expanding broadband access to thousands of households and businesses in Maine. The project was secured through COVID-19 relief funding and had to be completed within a short timeframe. The new infrastructure utilized cutting-edge cellular spectrum technologies, including Frequency Reuse-1 and carrier aggregation. Redzones expanded infrastructure has provided upgraded high-speed Internet access to approximately 10,000 new households. Telrad Networks is a global provider of LTE telecom solutions, while Redzone Wireless is a fixed wireless broadband provider in Maine.
Customers
Telrad and Mobile Tornado Partner to Provide Next-Gen Instant Communication
Telrad Networks has partnered with Mobile Tornado to offer an integrated solution for push-to-talk (PTT) communication over broadband. The joint solution aims to replace traditional PTT communication and allow customers to use a single mobile device for cellular and PTT communication. The solution leverages LTE coverage and provides robust communication anywhere with LTE coverage. This partnership could be transformative for industries relying on PTT communication. Telrads BreezeCOMPACT base station and Mobile Tornados MDC2000 multi-session dispatch have successfully tested the solutions capabilities. The joint PTT solution includes voice communication, text messages, location tracking, emergency alerts, and more. Telrad Networks is a global provider of LTE telecom solutions, while Mobile Tornado is a leading provider of PTT solutions.
Partners
Telrad and Midco Complete Successful 5GHz LTE Trial
Midco and Telrad Networks have successfully completed joint testing of 5GHz technology in rural North Dakota and Minnesota. The testing operation proves that Midcos next-generation LTE network can be augmented by Telrads 5GHz LTE solution, allowing Midco to bring high-speed, low-latency connectivity to rural America. The testing demonstrated that Midco can serve its customers with high-speed broadband in near-line of sight conditions over several miles. The Telrad LTE-U product suite provides a complete LTE network with cost-optimized configurations, lower total cost of ownership, near-LOS capabilities, and high throughput. Midco plans to expand its coverage and provide more customers with robust services. The article does not mention any specific investors or partners.
Partners
Despite dire results, Telrad buys Marmanet for NIS 102m
Telrad Networks CEO Ran Bukshpan has resigned after the company reported poor results for the fourth quarter of 2018 and the entire year. Telrads share price has dropped 10% on the Tel Aviv Stock Exchange. In addition, Telrad announced its acquisition of Marmanet for NIS 97 million. Marmanet specializes in project management and finished 2018 with a 6% increase in revenue. Telrad plans to use a loan from Marmanet and two banks to finance the acquisition. Telrads revenue for the fourth quarter of 2018 was $31.5 million, a 15% decrease from the previous year. Telrads revenue for 2018 fell 7.7% to $130 million. Telrads market cap has fallen 65% since its listing on the TASE in 2017.
Acquisition
Telrad Networks Appoints Eran Shalev as Chief Technology Officer
Telrad Networks, a global provider of LTE telecom solutions, has appointed Eran Shalev as its new Chief Technology Officer. Shalev will be responsible for the continued development of Telrad’s technology roadmap and path to 5G. He has 28 years of experience in the telecom industry and has held management positions at Nokia and other leading companies. He also founded two Mobile Virtual Network Operators in Israel and served as CEO of Cellact Communications.
Management Changes
Telrad Networks Announces Launch and Successful Trial of 5 GHz Band LTE Solution
Telrad Networks and MBSI WAV Sign Partnership Agreement
Telrad raises NIS 80m in TASE IPO
Telrad Networks Ltd. is set to become a public company following a successful institutional part of its TASE IPO. The company issued 24% of its share capital, raising NIS 80 million at a company value of NIS 340 million. At the same time, Fortissimo Capital and other company shareholders sold 24% more of the companys shares, also for NIS 80 million. The public part of the IPO will take place on Sunday. This is the second attempt by Fortissimo to hold an IPO for Telrad; the first attempt failed in 2014.
Public TradingInvestment
Telrad Networks Announces New Customer Premises Equipment for LTE Networks
Telrad Networks has announced the launch of a Customer Premises Equipment (CPE) solution, including the new CPE9000 end-customer device and the CPE-View system. The CPE9000 offers higher capacity and better service per subscriber for fixed LTE operators. Telrad has also released the CPE-View mode as part of the BreezeVIEW network management system, providing better visibility and control of end-user devices. The new products aim to improve network efficiency, increase data rates, and lower the Total Cost of Ownership for service providers. Telrad is exhibiting at the WISPAmerica Conference to showcase its high-performance products and services.
CustomersPartners
Point Broadband Selects Telrad LTE For Multi-Million Dollar, Multi-State Deployment
Telrad Networks has signed a multi-million dollar contract with Point Broadband, a subsidiary of ITC Capital Partners, LLC, to deploy Telrad LTE technology for their multi-state operation. Point Broadband offers wireless broadband Internet services to underserved residents and businesses in rural and suburban areas. The initial deployments will cover areas of Georgia, Alabama, and Mississippi, with plans to expand into several additional markets. Point Broadband aims to provide reliable and fast Internet service, allowing customers to cut the cord from traditional phone, satellite, and cable services. Telrads LTE solution offers affordable and scalable EPC, software-defined radio base station capability, and the ability to overcome non-line-of-sight challenges. The partnership with Point Broadband supports Telrads growth in North America and the expansion of its LTE offering for fixed broadband.
CustomersPartnersExpand
Telrad Networks Launches a Price Optimized 4G LTE Broadband Solution - Benzinga
Telrad Networks has announced the launch of a price-optimized LTE solution, aimed at addressing the needs of low-density population areas and new network deployments. The solution provides operators with a cost-effective NLOS solution to reach more subscribers in a broader range of scenarios and environments. The launch includes the LTE CPE8000 subscriber unit, paired with the flagship BreezeCOMPACT base station, now available in a 2x2 radio configuration. Telrad continues to add products that enable operators to reach subscribers in a greater array of challenging situations. The new cost-optimized solution offers affordable NLOS LTE, a price-appropriate option for lower density or new service areas, and the only LTE 2x2 product with a zero-touch option to upgrade to 4x4.
CustomersExpand
Seaside Wireless Communications Selects Telrad Networks for Nova Scotia LTE Broadband Network
Seaside Wireless Communications has selected Telrad Networks to introduce Telrad LTE solutions to its broadband network in Nova Scotia. The project, partially funded by the Connecting Canadians program, will offer coverage throughout ten counties in an area of 30,000 square kilometers. The deployment involves replacing equipment with the Telrad LTE product, which will increase Internet speeds from 1.5 Mbps to 5 and 10 Mbps, and soon offer 25 Mbps. The Telrad solution is attractive to Seaside because of its Software-Defined Radio platform, which enables them to scale their growth over time and upgrade to future technology developments without costly hardware upgrades.
Customers
Telrad and Trispec Partner to Deliver LTE Solutions to the Canadian Market
Telrad Networks has announced a new partnership with Trispec Communications to distribute and support Telrad LTE solutions in Canada. This partnership will enable Trispec to offer Telrads LTE fixed wireless solutions to Wireless Internet Service Providers (WISPs) and a broad range of Utilities and Public Safety clients. Telrads solutions will help service providers increase their reach, coverage, and throughput on their networks with a lower total cost of ownership (TCO). Trispec Communications is a leading Canadian telecommunications engineering and technology firm that provides infrastructure solutions to major telecommunication carriers and wireless operators. Telrad Networks is a global provider of innovative LTE broadband solutions with over 300 deployments in 100 countries.
Partners
Telrad Networks Helps Angolan Operator, Multitel, to Complete First Phase of 4G Deployment
Telrad Networks has completed the first phase of a 4G rollout for Multitel, a wireless operator in Angola. The project involved upgrading Multitels existing equipment infrastructure across its coverage area, starting in Angolas capital city, Luanda. Multitel used Telrads end-to-end 4G solution to increase capacity for its corporate and small office/home office (SOHO) users. Telrads unique Software Defined Radio (SDR) equipment allowed Multitel to leverage existing infrastructure and seamlessly upgrade to the new platform. The next phase of the project will include deploying Telrads infrastructure to new sites and expanding beyond Luanda. Telrad Networks sees Africa as a key target area and is committed to helping Multitel expand its network.
Partners
Fortissimo files for Telrad TASE offering
Telrad Networks, a communications equipment company, has submitted a draft prospectus to raise NIS 100 million in shares and options. The company is valued at NIS 380-400 million. Telrad Networks is planning to launch an IPO on the Tel Aviv Stock Exchange. The main shareholder of Telrad is Fortissimo Capital, a private equity firm. Fortissimo initially invested $20 million in Telrad in 2004 and now holds 87.6% of the companys shares. Telrad underwent a recovery process under Fortissimos management, which included reducing expenses, restructuring debt, and reducing the number of employees. The IPO is expected to include an offer for sale of a portion of Fortissimos shares. Telrad recorded double-digit growth in revenue in recent years and ended 2013 with an operating profit of $3.6 million and a net profit of $3.3 million.
Public Trading
Telrad Networks Selected by Hometown Cable for 4G Wireless Broadband Network
Telrad Networks has announced that Hometown Cable, an Ohio-based voice, video, and data services provider, has selected Telrads 4G wireless broadband network equipment to deliver high-speed broadband services to residents and businesses. The network is partially funded by an award received through the American Recovery and Reinvestment Act. Telrads BreezeCOMPACT carrier-grade base station and end user devices will be used for the deployment. This partnership will enable Hometown Cable to expand its service offering and achieve growth while providing advanced services to its customers.
CustomersPartners
