SR Telecom acquires Lucent Wireless Access Solutions

In September 2001, Montréal-based SR Telecom Inc. completed its acquisition of the assets of Lucent Technologies' Wireless Access Solutions (WAS) division in France. SR Telecom acquired all of the division's work in progress, existing contracts and equipment. The company acquired current contracts including a three year, $40 million frame contract with a leading, full service, telecommunications service provider. In addition, pursuant to the terms of a supply agreement entered into between Lucent and SR Telecom, SR Telecom becomes a preferred supplier of fixed wireless access products to Lucent Technologies. The acquisition establishes SR Telecom as the world's largest supplier of fixed wireless access products with a combined installed base of over 1 million lines in more than 110 countries.

Peter Villani, Christine Vézina and Sunny Handa (intellectual property) of Fasken Martineau (Montréal) acted on behalf of SR Telecom.