Alvarion shares jump on 5-year WiMax contract
NEW YORK (Dow Jones)--Alvarion Ltd. (ALVR) shares jumped Wednesday after the WiMax equipment maker announced a five-year contract with Open Range Communications that is expected to be worth more than $100 million.
Open Range, a broadband wireless provider that uses WiMax technology, will purchase a full range of Alvarion's equipment for a WiMax deployment covering up to 6 million customers in rural areas across 17 states. WiMax is a high-speed wireless broadband network boasting speeds on par with today's cable Internet connection...
Open Range, a broadband wireless provider that uses WiMax technology, will purchase a full range of Alvarion's equipment for a WiMax deployment covering up to 6 million customers in rural areas across 17 states. WiMax is a high-speed wireless broadband network boasting speeds on par with today's cable Internet connection...
posted by Connect Ohio at
4:45 AM
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