Bankrupt millimetre wave supplier restructures, new lease of life

August 25, 2020 //By Nick Flaherty
Bankrupt millimetre wave supplier restructures, new lease of life
Cambridge Broadband Networks Group (CBNG) has spun off its African millimetre wave fixed wireless access business following its collapse into administration.

Cambridge Broadband Networks Ltd (CBNL) was established in 2000 when ten engineers from Cambridge University in the UK secured private equity funding for its millimetre wave (mmWave) communications technology. It had raised over £99m for its point to multipoint platform called VectaStar which has been deployed in over 50 countries for mobile backhaul, small cell backhaul, enterprise access and ISP networks at 26GHz and 10.5GHz mmWave bands. Customers include seven of the world’s top ten mobile operators.

But company collapsed into administration in February 2020 owing £14m to creditors. It has now restructured as Cambridge Broadband Networks Group (CBNG) Ltd and Cambridge Broadband Networks Limited Africa.

CBNG retains the IP and manufacturing capability of CBNL as well as all the engineering, design and support know-how of the existing VectaStar product range, and will operate directly in the North and South America, Europe, the Middle East and North Africa and APAC regions. It is also looking for new value added reseller (VAR) partners.

The company says it has ‘reset’ existing manufacturing and supplier relationships, and started developing a new millimetre wave, fixed wireless point-to-multipoint platform.

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