By
Telecom Lead Team: NewNet Communication Technologies plans to strengthen its
WiMAX business by enhancing market penetration in existing segments and address
additional untapped market verticals. Recently, NewNet completed the
acquisition of WiMAX business from Nokia Siemens Networks.
The
WiMAX product portfolio will form the basis of a new Telecom Infrastructure
Business Unit to be led by Scott Morrison, formerly of the Nokia Siemens
Networks WiMAX team.
The
company claims that NewNet has gained a strong position in the WiMAX market
after this acquisition, with a team that brings broad product support, service
experience and expertise in WiMAX technology.
“We
will aggressively pursue these emerging growth market segments including
innovative Smart Grid solutions and next generation public safety networks. We
also recognize that there is growing global demand for high quality, cost
effective wireless and mobile broadband solutions that have a fast time to
market, and we are very well positioned to exploit this significant market
opportunity,” said Ron Pyles, CEO and President at NewNet.
“Applications
still remain for WiMAX deployments such as DSL replacement and specific
industry vertical applications like security monitoring. For companies looking
to deploy WiMAX, NewNet’s acquisition will provide them with another committed
supporter of this technology,” said Ovum Principal Analyst, Daryl
Schoolar.
The
acquisition establishes NewNet as a leading provider of end to end WiMAX
products and services and also expands NewNet’s customer footprint across the
globe, with service and support responsibilities for over 40 customers across
27 countries. NewNet will be engaging with its existing customers as well as
other market leaders to define and deliver a comprehensive roadmap for its
WiMAX products.
“NewNet
gains a strong position in the WiMAX market with this product portfolio. We
will harness the expertise of our highly skilled team to revitalize this proven
4G solution and become a major provider of end to end WiMAX solutions in the
market,” said Scott Morrison, EVP and president of the Telecom
Infrastructure business unit.
