| Company type | Privately held |
|---|---|
| Industry | Communication equipment |
| Headquarters | 3200 rue Guénette,Saint-Laurent, Quebec H4S 2G5 ,CANADA |
Number of employees | 0 |
| Website | www.srtelecom.com |
SR Telecom Inc. was abroadband wireless systems manufacturer headquartered inMontreal,Quebec, and present in over 130 countries around the world. Established in 1981, SR Telecom provided urban and rural telecommunications providers with wireless systems delivering voice, data and multimedia services.
As almost all large corporations,[citation needed] SR Telecom gained much of its product line throughacquisitions andmergers, such as acquisition ofLucent broadband wireless product lines in 2001 and the acquisition of Netro Corp. in 2003. Netro had previously bought out fromAT&T the ambitious (yet commercially disastrous) Project Angel product, the first to use advanced technologies such as OFDM and space-time coding for data and packetized voice services. The Angel product was renamed as Symmetry One. AWiMAX-based upgrade was launched, baptized as Symmetry MX.
The firm's wireless devices were useful for telecommunications companies barred from using the incumbent's copper local-loop, as in the case ofTelmex in Argentina, and thus being able to reach homes with a broadband and voice service using licensed spectrum, in the case of Argentina's Telmex unit, using the licensed 2.3 GHz band[1].
In November 2007, SR Telecom started operating under Canada's bankruptcy protection act, theCompanies' Creditors Arrangement Act (CCAA). Three months later a court order extended such protection until May 2, 2008[2]
In December 2007, the company trumpeted the WiMax certification of its SymmetryMX product line[3] from the WiMax Forum. Finally on April 4, 2008, SR Telecom Inc. announced the closing of the sale of its assets to Sherbrooke (Quebec) based Groupe Lagasse "including its brand, trademarks, intellectual property, patents, inventories and equipment relating to its symmetryONE and WiMAX Forum-certified symmetryMX product lines for an aggregateconsideration of $6,050,000, plus the assumption of certain stated liabilities" the press release said[4].
By mid-2008 the firm announced continued success of its SymmetryMX WiMax certified solution, sold under the new company ownership[5].
By mid-2009 the company's web page was still active, identifying the firm as "The Industry´s Most Experienced Company", and its products as "WiMAX for Any Deployment Strategy"[6].
The firm's web page finally went blank by mid-2010[7] shortly before filing for bankruptcy after several unsuccessfuldebt restructuring offers to its creditors[8]Archived 2011-11-15 at theWayback Machine. A Deloitte document states that "Following the refusal of the creditors to accept the proposal, the Company was deemed to have filed an assignment on June 25th, 2010 and SBDT was appointed as trustee of the estate of the bankrupt by the official receiver".