Alvarion Requests Court to Approve Improved Proposal from Valley Telecom to Acquire the Company and Its Assets

Alvarion Ltd. (in Receivership) (Nasdaq: ALVR ), a global provider of optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of public and private networks, announced today that Mr. Yoav Kfir, the court-appointed Receiver, submitted an urgent motion to the District Court of Tel Aviv – Yaffo