October 1, 2008
NextWave Closes Israel Subsidiary
US-based NextWave Wireless has announced plans to close its Israel-based subsidiary Go Networks as part of its global restructuring efforts.
The company said it has filed a bankruptcy protection request in Israel for its Tel Aviv-based network equipment business, providing wide-area Wi-Fi network equipment. Go Networks was acquired by the company in January 2007 for $13.3m.