|Acquired by||SAC Private Capital Group, GSO Capital Partners, Sankaty Advisors & ZelnickMedia|
Airvana, Inc. offers network infrastructure products used by wireless operators to provide mobile broadband services. Its software and hardware products, which are based on Internet protocol technology, enable wireless networks to deliver broadband-quality multimedia services to the users of mobile phones, laptop computers, and other mobile devices. These services include Internet access, email, music downloads, video, IP-TV, gaming, push-to-talk, and voice-over-IP. The company is developing fixed-mobile convergence products that would enable operators to take advantage of wireline broadband connections that already exist in offices and homes to deliver wireless services through a combination of mobile and Wi-Fi networks. Airvana, Inc. has strategic relationships with Nortel Networks, Nokia Siemens Networks, Thomson, Motorola, Alcatel-Lucent, Hitachi, Pirelli Broadband Solutions, and Qualcomm. The company was founded in 2000 and is headquartered in Chelmsford, Massachusetts with additional offices in Dallas, Texas; Bangalore, India; Cambridge, the United Kingdom; Madrid, Spain; Darmstadt, Germany; Beijing, China; Singapore, Singapore; and Tokyo, Japan.
As of Dec 2009 Airvana (NASDAQ: AIRV) has entered into a definitive agreement with a newly formed company to be owned by affiliates of S.A.C. Private Capital Group, LLC, GSO Capital Partners LP, Sankaty Advisors LLC and ZelnickMedia, in a transaction valued at approximately $530 million.