Juniper Networks has exited wireless communications technology developer Fastback in a $14m acquisition that follows at least $55m in funding.
Connectivity systems provider ComSovereign agreed yesterday to purchase US-based mobile infrastructure technology developer Fastback Networks in a $14m deal enabling networking technology producer Juniper Networks to exit.
The transaction will consist of cash as well as debentures such as securities that can be exchanged for ComSovereign shares.
Founded in 2010, Fastback builds radio transmission systems that enable telecommunications networks to offer wireless connectivity for high-speed applications such as 5G while retaining signal strength in areas with poor reception.
The company’s…
