Wireless technologies developer QUALCOMM Inc. plans to acquire Flarion Technologies.
QUALCOMM, which specializes in CDMA technologies, will pay approximately $600 million for Flarion, a developer of Orthogonal Frequency Division Multiplex Access (OFDMA) technology and inventor of FLASH-OFDM technology for mobile broadband IP services.
The deal is expected to close later this year.
Flarion was advised by Evercore Partners and QUALCOMM was advised by Morgan Stanley.
“We believe CDMA will provide the most advanced, spectrally efficient wide area wireless networks for the foreseeable future, but with Flarion we can now more effectively support operators who prefer an OFDMA or hybrid OFDM/CDMA track for differentiating their services,” says Paul Jacobs, CEO of QUALCOMM.
