ESPOO, Finland -- Nokia has completed the acquisition of Gainspeed, a California-based start-up specializing in DAA (Distributed Access Architecture) solutions for the cable industry via its Virtual CCAP (Converged Cable Access Platform) product line. The acquisition was originally announced June 10, 2016.

Complementing Nokia's current fiber access technologies for cable multiple-system operators, Gainspeed's unique approach to DAA and innovative Virtual CCAP solutions will further enhance Nokia's product portfolio and provide cable operators with the end-to-end technology capabilities needed to support growing capacity requirements today and into the future. With this acquisition, Nokia is able to offer a turnkey solution for the cable industry that includes products for routing, transport, wireless and analytics. Gainspeed will operate as part of Nokia's Fixed Networks business group.

Nokia Corp. (NYSE: NOK)