NextWave Acquires IPWireless

NextWave signed a deal this week to purchase IPWireless, the maker of TD-CDMA network gear and subscriber terminals, for $100 million in cash and stock.

IPWireless has been at the forefront of 3GPP TDD UMTS standards, which provide the basis for mobile TV and wireless broadband public safety solutions, according to NextWave. New York picked IPWireless' broadband mobile technology to be part of a recent city-wide public-safety wireless network project managed by contractor Northrop Grumman.

The broadband vendor said the acquisition will help NextWave build on its product suite to include mobile TV and other mobile broadband technologies.Pending regulatory approval, the acquisition is expected to close later this quarter.