Nokia is set to acquire Gainspeed, a US-based start-up specialising in Distributed Access Architecture (DAA) technology for the cable industry.

The Finland-based vendor did not say how much it was paying for Gainspeed, which was founded in 2012 and employs approximately 70 people.

Nokia is specifically interested in the company’s Virtual CCAP (Converged Cable Access Platform) product line, which boosts the capacity of cablecos' existing Hybrid Fiber Coax (HFC) infrastructure.

Gainspeed will join Nokia's Fixed Networks business unit on completion of the deal, which the company said it hopes to close in the third quarter of this year.

Federico Guillen, President of Nokia's Fixed Networks business group, said: "We are very excited to have Gainspeed, the technology leader in its field, joining us.

“Cable is one of the fastest growing areas in our fixed networks business, and we are committed to delivering a complete solution set to cable operators.

“Gainspeed's Virtual CCAP perfectly complements our leading fiber access solutions for cable MSOs."

[Read more: Nokia’s ‘new’ fixed network team sees G.fast take off, gets ready for wireless]

Earlier this week, Estonian cableco Starman announced plans to roll out Nokia’s 10G Ethernet Passive Optical Network tech.

In May, Nokia said it had achieved 10 Gbps symmetrical data speeds on HFC cable, in what it claimed was a “major breakthrough” for the industry.

The company saw revenues fall nine percent in the first three months of the year and predicted wireless infrastructure sales would continue to decline throughout 2016.

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