Telrad Networks Ltd. entered into a definitive agreement to acquire Carrier Licensed Division from Alvarion Ltd. (NasdaqCM:ALVR) for $12.1 million on February 21, 2013. The consideration in the transaction will be $6.1 million and in addition, Alvarion may receive certain performance-based milestone payments of up to $6 million. Consummation of the transaction is subject to certain closing conditions and is expected to occur during the second quarter of 2013. Yigal Arnon & Co. acted as legal advisor for Telrad and Meitar Liquornik Geva Leshem Tal acted as legal advisor for Alvarion. John Conrad of Merritt Group, Inc. acted as public relation advisor for Alvarion and Heidi Eisips of Korala Consulting acted as public relation advisor for Telrad.

Telrad Networks Ltd. completed the acquisition of Carrier Licensed Division from Alvarion Ltd. (NasdaqCM:ALVR) for $11.7 million on May 10, 2013. Under the finally agreed terms, Alvarion will receive consideration of $4 million, paid in installments over four quarters, with the first payment of $1.3 million payable at closing. In addition, Alvarion may receive certain performance-based milestone payments of up to $7.7million. The change in the original consideration, resulted from a waiver of certain closing conditions in order to ensure and expedite the closing of the transaction.