• Vecima to provide the industry’s most mature next-generation access ecosystem

  • The technology and product portfolio will be integrated into Vecima’s Entra Distributed Access product line

  • Nokia employees related to these key technologies will join Vecima Networks

  • Nokia retains wired products, including fixed mobile access, routing, transport, fiber, and wireless technologies, as well as network operations and customer experience solutions

  • Nokia and Vecima Networks plan to maintain ongoing business relationship and specific product resale agreements to seize unified cable access opportunities

ESPOO, Finland & VICTORIA, British Columbia – (hooly News) –Nokia and Vecima Networks (TSX: VCM) today announced Vecima’s plans to acquire next-generation technologies and products for cable service providers. Under the agreement, Nokia’s Gainspeed portfolio, along with all related technologies and assets, will be transferred to Vecima Networks. The contract is expected to be finalized quickly, subject to customary closing conditions. Financial clauses are not disclosed.

Vecima Networks is a world leader specializing in the development of integrated and scalable IT and software solutions for high-speed access, content delivery and telematics. Nokia’s Gainspeed wired access portfolio integrates seamlessly with Vecima’s Entra ™ family of solutions, migrating to a 10G wired platform, including DAA (Distributed Access Architecture) and 10G-EPON ( passive Ethernet optical network).

Nokia’s Unified Cable Access solution, which includes the Gainspeed product portfolio, provides a centrally controlled distributed access architecture solution with unified support for Flexible MAC DAA nodes for Hybrid Fiber-Coaxial (HFC) networks and DOCSIS Provisioning of EPON (DPoE) nodes for fiber to the home and business. The portfolio further includes a DAA video engine and a chassis-based EPON / DPoE solution for non-HFC network deployments.

Employees currently working on Nokia’s DOCSIS DAA and EPON / DPoE wallets are expected to integrate with Vecima. Nokia will retain cable related products and solutions not listed above. The companies plan to maintain an ongoing commercial relationship, including through resale agreements for key and enabling technologies to pursue unified cable access opportunities.

“Our wired access solutions have played a very important role in thinking about next generation wired solutions and our customers’ strategies to meet the expectations of evolving networks using distributed architectures “, declared Sandra Motley, president of the Fixed Networks division at Nokia. “However, the industry continues to undergo profound changes, and we believe the time has come to hand over our wired access business to Vecima Networks. Vecima has the specialization, resources and product portfolio. necessary to enable these developments and help operators adopt a distributed access architecture. ”

“The Nokia portfolio which is the subject of the acquisition aligns perfectly with Vecima Networks’ strategy of providing open, independent and sustainable wired access solutions supporting a multi-vendor ecosystem”, says Sumit Kumar, CEO of Vecima Networks. “The acquisition of these products and the arrival of talented teams expand our DAA platform and add 10G-EPON products to our portfolio. In addition to diversifying the products and services we provide to our current customers, we are delighted to this partnership with service providers around the world with whom we are not yet working. ”

About Nokia

We create the technology that connects the world. Nokia is the only company to offer a comprehensive portfolio of network equipment, software, services and licenses globally. With our commitment to innovation, and driven by award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.

Our communications service provider customers manage more than 6.4 billion subscriptions on our radio networks, and our corporate customers have deployed more than 1,300 industrial networks around the world. By applying the highest ethical standards, we are transforming the way of living, working and communicating. Find all our news on www.nokia.com and follow us on Twitter @nokia.

About Vecima Networks

Vecima Networks Inc. is a global leader in the development of integrated and scalable IT and software solutions for broadband access, content delivery and telematics. We empower the world’s leading innovators to advance, connect, entertain and analyze. We develop technologies that transform content delivery and storage, provide high capacity network access, and optimize data analytics. For more information, please visit our website at www.vecima.com.

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Phone: +358 10 448 4900
Email: press.services@nokia.com

Vecima Networks

Investor Relations

Phone: +1 250-881-1982
Email: invest@vecima.com

Source : http://www.businesswire.com/news/home/202007290060…