Alvarion in $1.5m Zimbabwe deal

uMAX is deploying Zimbabwe's first 4G network in the capital, Harare.

Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) has signed a $1.5 million contract to supply its 4Motion solution to Zimbabwean wireless broadband provider uMAX Ltd., which is setting up the country's first 4G network in the capital, Harare.

uMAX will use Alvarion’s 4G solution to deliver VoIP, video-streaming, high-speed Internet, and other services to business and residential customers. uMAX is a subsidiary of Dandemutande Investments Ltd.

Alvarion president and CEO Eran Gorev said, "uMAX is a fast-growing wireless broadband provider in an extremely dynamic market and our 4Motion solution will enable them to move forward and expand their customer base at an opportune time."

Alvarion's share price fell 3.9% on Nasdaq yesterday to $1, giving a market cap of $62 million, and rose 2.8% by early afternoon on the TASE today to NIS 3.86.

Published by Globes [online], Israel business news - www.globes-online.com - on November 10, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
MORE FROM GLOBES
Twitter Facebook Linkedin RSS Newsletters גלובס