LONDON Femtocell chip developer RadioFrame Networks Inc. has become the first high-profile company to exit the emerging European femtocell hardware business, although it will continue to make chips for the tiny home basestations.
According to sister website Unstrung , Redmond, Wash.-based RadioFrame confirmed rumors that it had closed down its European office while stressing that it is still very active in the U.S. and said it was getting out of the customer equipment side of the femtocell business.
RadioFrame's EMEA business was headquartered in Dublin. It is not yet clear how many people the closure may affect, and the company isn't commenting.
"While we closed down Europe specific to Femto cell, we are now focused on our iDEN and ASIC businesses," the company's CEO Jeff Brown said in an email reply to Unstrung.
"We are trying to be prudent with our money in these tough economic times and we have pared back to a core set of businesses that will take advantage of our unique market position while maximizing our use of funds."
For the full story see the details on Unstrung which, like EE Times Europe is part of the United Business Media group.
Related Stories :
TI stakes its claim to nascent femtocell market
RadioFrame readies 2nd gen femtocell chip