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Nokia to exit IP video market and sell Velocix to Volaris

Thursday 13 September 2018 | 10:39 CET | News
Nokia is selling the former Alcatel business Velocix and exiting the market for video delivery equipment. Toronto-based private equity group Volaris will continue its expansion in the video market with the acquisition and take over Velocix for an undisclosed sum, including the majority of Nokia's IP Video employees. 

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Categories: Broadcast & Satellite / Internet
Companies: Alcatel / Nokia / Velocix
Countries: World
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