Aviat completes redline transaction

Acquisition delivers complete offering for private network operators including transport, backhaul, private lte/5g and unlicensed wireless access solutions austin, texas, and toronto, july 5, 2022 /prnewswire/ -- aviat networks, inc. (nasdaq: avnw), the leading expert in wireless transport solutions, and redline communications group inc. ("redline") (tsx: rdl), a leading provider in mission-critical data infrastructure, today announced the completion of the acquisition of redline by a subsidiary of aviat pursuant to a statutory plan of arrangement under the canada business corporations act (the "arrangement"), which now enables aviat to offer its customers an integrated end-to-end offering for wireless access and transport. the arrangement reinforces aviat's stated strategy of expanding their market leadership and share of wallet in mission-critical and industrial private networks, by leveraging aviat's sales channel to address the $8 billion private lte/5g addressable market, as well as oil & gas, and transportation verticals.
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