WiNetworks was founded in 2004, received investments of about $28 Millions according to Globes, or $40 Millions according to TheMarker. RuggedCom is expected to pay $14 Millions, of which $5 Millions will go to cover WiNetworks debts.
Thinking very hard what I can write about WiNetwork:
- They had a reasonable strategy: Developed smaller Base stations intended for smaller deployments or for additional coverage, which was previously Airspan’s Niche.
- Had some traction in developing countries, but not enough revenues to justify their existence.
- Most recent products were based on Sequans chipset which means less development efforts, but less IP.