DragonWave takes over NSN MW transport

[byja]

DragonWave Plans to Acquire Nokia Siemens Networks Microwave Transport Business

http://investor.dragonwaveinc.com/releasedetail.cfm?ReleaseID=620944

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Nokia Siemens Networks and DragonWave believe the proposed acquisition and supply agreements would accelerate innovation in backhaul products, supporting world class microwave solutions for mobile operators. The companies aim to complete the planned acquisition and supply agreements in the first quarter 2012 (the "closing date").
Following the proposed acquisition, Nokia Siemens Networks would retain responsibility for its existing solution sales and associated services for microwave transport, while DragonWave would be responsible for the product line, including R&D, product management and operations functions.

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[D33T0X]

Sad news but ufortunately true