SR Telecom Inc. was a broadband wireless systems manufacturer headquartered in

Montreal Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...

Quebec Quebec is Canada's List of Canadian provinces and territories by area, largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, ...

, 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, date=January 2013 SR Telecom gained much of its product line through acquisitions and

mergers Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

, such as acquisition of Lucent broadband wireless product lines in 2001 and the acquisition of Netro Corp. in 2003. Netro had previously bought out from

AT&T AT&T Inc., an abbreviation for its predecessor's former name, the American Telephone and Telegraph Company, is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the w ...

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. A

WiMAX Worldwide Interoperability for Microwave Access (WiMAX) is a family of wireless broadband communication standards based on the IEEE 802.16 set of standards, which provide physical layer (PHY) and media access control (MAC) options. The WiMA ...

-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 of Telmex 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 ban

Financial Woes

In November 2007, SR Telecom started operating under Canada's bankruptcy protection act, the Companies' Creditors Arrangement Act (CCAA). Three months later a court order extended such protection until May 2, 200

In December 2007, the company trumpeted the WiMax certification of its SymmetryMX product lin

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 aggregate consideration of $6,050,000, plus the assumption of certain stated liabilities" the press release sai

Post-Lagasse acquisition

By mid-2008 the firm announced continued success of its SymmetryMX WiMax certified solution, sold under the new company ownershi

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 Strateg

Unsuccessful debt restructuring and bankruptcy

The firm's web page finally went blank by mid-201

shortly before filing for bankruptcy after several unsuccessful debt restructuring offers to its creditor

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".

External links

SR Telecom website (2009 copy) at Archive.org Public documentation on SR Telecom insolvency, made available by RSM Richter, accounting services firm.
Defunct telecommunications companies of Canada Companies based in Montreal Telecommunications companies established in 1981 Telecommunications companies disestablished in 2010 Canadian companies established in 1981 Canadian companies disestablished in 2010