NextWave Wireless has announced a restructuring plan that has split the company into two new business units: NextWave Mobile Products and NextWave Network Products. The company hopes these two new units will help it meet "growing market demand" for mobile multimedia and wireless broadband products.
"In recognition of our triple-digit revenue growth, and the fact that we now have more than 1,100 employees in 29 international offices, we are realigning our operations into two highly focused business units," said Allen Salmasi, CEO of NextWave Wireless, in a statement. "This will help us sustain our rate of growth and will make it much easier for us to provide our customers with solutions that seamlessly integrate our wide range of innovative products and technologies."
NextWave Mobile Products will be comprised of the company's PacketVideo subsidiary and the company's semiconductor development group. With headquarters in San Diego, it will market its semiconductor products under the NextWave Wireless brand and will continue to market its software and media content solutions under the PacketVideo brand. James Brailean will head the unit and remain CEO of PacketVideo, which was acquired by NextWave in 2005.
NextWave Network Products will be comprised of NextWave's IPWireless and GO Networks subsidiaries. Both companies, acquired in 2007, will begin an immediate transition to the NextWave Wireless brand. The new business unit, which also includes NextWave's network services and systems development businesses, will focus on providing network operators with wireless infrastructure equipment and end-to-end, wireless broadband and mobile broadcast network systems. Also with its headquarters in San Diego, William Jones, currently the CEO of IPWireless, will head the Network Products unit.