Thursday, January 19, 2006

QUALCOMM Completes Acquisition of Flarion Technologies

QUALCOMM closed its acquisition of Flarion Technologies, a pioneer and leading developer of Orthogonal Frequency Division Multiplex Access (OFDMA) technology.

QUALCOMM paid approximately $600 million in QUALCOMM stock and cash. Upon the satisfaction of certain milestones, QUALCOMM may also pay an additional $205 million in the form of cash and QUALCOMM stock.

The deal was first announced in August 2005.

  • Flarion, a start-up based in Bedminster, New Jersey, developed a fast, low latency air interface technology that combines attributes of TDMA and CDMA. Flarion's flash-OFDM mobile broadband system is a packet-switched radio access network with QoS capabilities that overlays onto a mobile operator's existing cell sites and spectrum. Flarion's platform provides a seamless routing interface to the operator's existing IP network.

  • Flarion Technologies was founded in 2000 by Dr. Rajiv Laroia, who previously was with Bell Laboratories. In 1997, he became head of Bell Labs' Digital Communications Research Department in the Wireless Research Center where he and his team started to develop FLASH-OFDM technology based wireless data system.