[Satellite TODAY 01-29-10] Norsat International has dissolved its acquisition of WiMax solution provider Bluemoon, Norsat announced Jan. 28.
    The Bluemoon acquisition was part of Norsat’s strategy to enter the WiMax market and extend its reach in rural markets such as Africa and South East Asia. “We believe this acquisition is aligned with our strategic diversification into the commercial sector and will deliver long term growth and increase Norsat’s profitability,” Norsat CEO Aimee Chan said in a statement released after the acquisition was made.
   The 5 million Norsat shares used in April to purchase Bluemoon have been returned to Norsat.

Related Stories-     

WiMax Relationship with Satellite Sector Evolving   Via Satellite   January 1, 2010
The WiMax sector s overall efforts were rebuffed at the 2007 World Radiocommunication Conference, but with some governments around the globe continuing to support WiMax and international mobile telecommunications (IMT) players and use of the…

Norsat Capital Makes its Debut Investment   Satellite Today   December 21, 2009
[Satellite TODAY 12-21-09] Norsat’s investment business, Norsat Capital, has made its first strategic investment in a Malawi, Africa-based wireless broadband operator Tonse Solutions, Norsat announced Dec. 18. 

Norsat Acquires WiMAX Solution Provider   Satellite Today   April 23, 2009
[Satellite Today 04-23-09] Norsat International Inc. acquired Ireland-based WiMAX provider, Bluemoon 4G Ltd., in an all-stock transaction, Norsat announced April 22.