Companies to Work Together to Advance Deployment of WiMAX Networks

Companies to Work Together to Advance Deployment of WiMAX Networks

Unwired Australia, a wireless broadband carrier, and Intel Corporation announced today that Intel Capital has agreed to invest in secured convertible notes issued by Unwired with a face value of AUD$37 million (approximately US$27.9 million at present exchange rates). The investment is part of the companies’ efforts to advance the deployment of WiMAX networks. Unwired will use the proceeds primarily to expand its services to other major Australian cities.

As part of the announcement, the companies have agreed to jointly promote mobile wireless broadband capabilities using WiMAX networks in Australia. Unwired plans to adopt future Intel products that support the upcoming IEEE 802.16e standard for WiMAX solutions intended to be deployed in infrastructure equipment and notebooks.

“Continued investment in WiMAX technology is strategically important for the industry,” said Arvind Sodhani, Intel Capital president. “It will enable the provisioning of fast, full-fledged broadband Internet access to a vast proportion of the population in an accelerated time frame.”

Read the complete Press Release