Volaris Group Acquires Majority of Nokia's IP Video Business (Velocix)
January 2, 2019
Volaris Group has completed the purchase of the majority of Nokia's IP Video business, creating a new independent streaming-technology company, Velocix. Nokia will remain a minority shareholder in Velocix, which will operate inside Volaris' Communications & Media portfolio; financial terms were not disclosed.
- Buyers
- Volaris Group
- Targets
- Nokia IP Video business (Velocix)
- Sellers
- Nokia
- Platforms
- Volaris Group
- Industry
- Telecommunications
- Location
- Cambridgeshire, United Kingdom
- Transaction Type
- Addon
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