Motorola adds next-gen packet-based switching to wireless networking solutions portfolio with cash acquisition of Winphoria Networks

April 15, 2003

1 Min Read

SCHAUMBURG, Ill. -- Motorola, Inc. (NYSE: MOT) today announced it has entered into a definitive agreement to acquire Winphoria Networks, Inc., a core infrastructure provider of next generation packet based mobile switching centers for wireless networks, which Motorola plans to integrate into its Global Telecom Solutions Sector (GTSS) business unit. The completion of the acquisition is subject to customary closing and regulatory conditions and is expected to occur in the second quarter. Motorola intends to purchase the privately held concern in an all cash transaction. Additional terms of the agreement were not disclosed. The acquisition will provide Motorola with additional capability to deliver on its strategy to provide complete networks to support operators' 2.5 Generation (2.5G) - 3rd Generation (3G) systems worldwide. GTSS will increase its technology capability, enabling it to develop better choices for cost- effective, enhanced featured mobile switching center solutions. "In acquiring Winphoria, we will augment our strategic position by adding an innovative core telecom switching capability to our portfolio and by providing a competitive media gateway solution. These translate into direct benefits for our carrier customers and prospects by helping them reduce operating costs, and by offering them a software-driven switch that can be easily upgraded and enhanced at lower cost," said Christopher B. Galvin, chairman and chief executive officer, Motorola, Inc. Motorola Inc. Winphoria Networks

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