It was announced that Intel is investing $37 million Australian dollars into expanding Unwired Australia as it prepares to launch a WiMAX network.
Unwired, which uses Navini, will be changing over to WiMAX next year. The company will also use the money to expand into other cities in Australia.
"Continued investment in WiMAX technology is strategically important for the industry," said Arivind Sodhani, head of Intel's investment group Intel Capital.
"It will enable the provisioning of fast, full-fledged broadband Internet access to a vast proportion of the population in an accelerated time frame," said Sodhani.
Unwired has not decided on what cities to expand into yet, but plans to announce them sometime next year before they launch WiMAX.
Intel shares were up $0.06 to $25.59, while Unwired shares were up $0.01 to $1.41, in recent trading according to RedHerring.
Chris is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.
Using the Usually Unused UsenetNokia and Intel Look To Standardize WiMAX TechnologyNokia and Intel Team Up On WIMAX DevelopmenteBay To Move To PayPal Only In Australia Intel Goes After Home EntertainmentIntel Decides Its Time For XMLIntel Raises Its ExpectationsYahoo News and Google News Now Reach More Than 27 Million Americans a MonthWiMAX in the UKIntel and Cisco Plan To Better Wi-Fi and VoIP
     |
RSS
Home
Newsletter
Advertising
Comments
Post new comment