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ADC to pay $169 million for LGC Wireless

Published Saturday, December 01, 2007

In-building wireless solutions provider LGC Wireless has agreed to be acquired by established telecom vendor ADC for $169 million in cash and other considerations. Expected to close in mid-December, the deal will let ADC integrate the LGC in-building coverage and capacity capabilities into its All-IP Radio Access Network (IP RAN). Meanwhile, LGC will have access to the financial resources of a large public company, said Ian Sugarbroad, president and CEO of LGC Wireless. “It's always a strain for a private company to grow rapidly with venture capital, because the cost of raising venture capital is high,” Sugarbroad said.

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