Alvarion completes sale of carrier licensed division to Telrad

Under the finally agreed terms, Alvarion will receive consideration of $4M, paid in installments over four quarters, with the first payment of $1.3M payable at closing. In addition, Alvarion may receive certain performance-based milestone payments of up to $7.7M. The change in consideration from the originally-agreed consideration of $6M plus up to $6.1M in certain performance-based milestone payments, announced on February 21 resulted from a waiver of certain closing conditions in order to ensure and expedite the closing of the transaction.

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