COM DEV International Ltd plans to sell or merge its wireless components business and focus on operations that promise better returns, particularly its space and wireless Internet systems businesses. In a conference call with analysts last week following the release of the company's third-quarter results, president and CEO Keith Ainsworth explained that the global market for RF components has deteriorated significantly, resulting in fewer orders from its largest customers.

Unlock all the Canadian telecom, broadcasting and digital media news you need.

Take a free trial or subscribe to The Wire Report now.