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Volaris Completes Purchase of Nokia's Video Product Business

Jan 02, 2019 - GlobeNewswire

TORONTO, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Volaris Group ("Volaris") today announced the successful completion of the purchase of the majority of Nokia's IP Video business. This acquisition was originally announced September 13, 2018.

Nokia will remain a minority shareholder in the new pure play streaming technology company, Velocix, operating as an independent business within Volaris Group's Communications & Media portfolio. Financial details of the sale are not being disclosed.