Ericsson provides exit for Deutsche Telekom and Comcast-backed ten year old wi-fi company, with an estimated $62.9m raised across five rounds.
Comcast and T-Mobile Venture Fund-backed wi-fi technology company Belair Networks has sold to Sweden-based telecoms equipment company Ericsson for an undisclosed sum.
The exit for the ten year old company, comes after it raised an estimated $62.9m in its history. The company provides wi-fi products for telecoms carriers and has 120 employees.
The Canada-based company raised $17.5m in a fifth round of funding from investors including Comcast Interactive Capital, T-Mobile Venture Fund, Deutsche Telekom’s corporate venturing unit, venture firms Trilogy…
