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Nokia to acquire startup specializing in improving cable network capacity

Finnish multinational communications and information technology company Nokia has announced that it will acquire Gainspeed, a U.S. startup that’s setting out to “redefine” how cable networks are built.

The terms of the deal have not been disclosed.

Gainspeed specializes in Distributed Access Architecture (DAA) services for a cable industry that’s looking to tackle the growing need for more network capacity, brought on by the rise of bandwidth intensive media such as IP video.

Through Gainspeed, Nokia will be giving its network technology arm a major boost, since Gainspeed is considered one of the leaders in DAA.

Last Year, Nokia bought France’s Alcatel-Lucent for more than $16 billion last year as it seeks to build the next-generation network technology and services.

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Ephraim Batambuze III

Digital guy, Web developer, Tech blogger, Gadgets Reviews, Geeky dad. Email:ebatambuze@gmail.com Twitter:@batambuze WhatsApp/Telegram:+256781665128 Skype:ebatambuze
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