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03:37:06 EDT Fri 25 Apr 2014
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DragonWave Inc
Symbol C : DWI
Shares Issued 38,019,845
Close 2012-11-29 C$ 2.06
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DragonWave closes acquisition of Nokia Chinese assets

2012-11-30 09:07 ET - News Release

Mr. Peter Allen reports

DRAGONWAVE CLOSES ACQUISITION OF NOKIA SIEMENS NETWORKS' MICROWAVE TRANSPORT BUSINESS IN CHINA

DragonWave Inc. has completed the transaction to acquire certain Chinese operations of Nokia Siemens Networks' microwave transport business in China as all Chinese regulatory requirements have been met.

Approximately 100 employees of Nokia Siemens Networks based in Shanghai have transferred to DragonWave. "We want to welcome our new colleagues in China to the DragonWave team," said Peter Allen, DragonWave president and chief executive officer. As previously communicated, the overall closing of the transaction took place on June 1, 2012.

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