Finnish telecom operator and consumer electronics major, Nokia, has reportedly announced that it has officially completed the sale of its EPON/DPoE and DOCSIS Distributed Access Architecture portfolios to Vecima Networks Inc.
The deal follows the originally announced planned acquisition when Sumit Kumar, the President and CEO of Vecima Networks, had stated that Nokia’s portfolio is in perfect alignment with Vecima’s strategy to deliver independent, open and future-proof cable access solutions that promote a multi-vendor ecosystem. He had also stated that the addition of these products would widen the company’s DAA platform, thereby adding 10G-EPON products to its portfolio.
For the uninitiated, Nokia is known for the development of technology to connect people at the global level. The company provides a comprehensive portfolio of services, software, network equipment, and licensing opportunities across the world. Nokia is also recognized as a leader in the creation and deployment of 5G networks, and is driven by its award-winning Nokia Bell Labs.
Following the sale, Nokia will observe an ongoing enterprise relationship with Vecima comprising key, enabling technologies for addressing unified cable access opportunities. Further, Nokia will hold on to its cable-related products and solutions comprising routing, mobile, fiber, transport, and fixed wireless access technology in addition to customer experience-related solutions and network operations. The company has not disclosed the financial particulars of the transaction.
The company’s communications service provider users support over 6.4 billion subscriptions with its radio networks, and its business customers have successfully deployed more than 1,300 industrial networks at the global level. The company adheres to the highest ethical standards, transforming how people live, work and communicate.
Vecima Networks Inc., is a global leader focusing on the development of scalable software and integrated hardware solutions for broadband access, telematics, and content delivery. The company facilitates the world’s leading innovators to connect, advance, analyze, and entertain. Vecima is further known for building technologies that enable high-capacity broadband network access, transform content delivery, and streamline data analytics.