Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Intel Invests in Australian Wireless Broadband Company Unwired Australia
Posted on 25-Aug-2005 17:46 | Tags Filed under: News



Australian-based and owned Unwired Australia 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 companiesí efforts to advance the deployment of WiMAX networks.

Unwired will use the proceeds primarily to expand its services to other major Australian cities. Its main customer base is in Sydney, where the companie counts more than 28,000 customers in just 10 months of operation after is launch in August 2004.

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.

WiMAX, which stands for Worldwide Interoperability for Microwave Access, is a standards-based wireless technology that provides high-speed broadband connectivity over long distances to homes, businesses and mobile wireless networks. The upcoming IEEE 802.16e version will offer increased broadband Internet access mobility.

Unwired will initially deploy technology from U.S.-based broadband wireless access solutions provider, Navini Networks, for its WiMAX networks. Dual-mode customer modems and base stations, which can operate Unwiredís current proprietary technology and WiMAX-based technology concurrently, will be available in the first half of 2006.

Unwiredís shareholders will hold a meeting in October to obtain shareholder approvals for the investment. Details will be sent to shareholders shortly in the Notice of Meeting and Explanatory Memorandum which will be accompanied by an independent expertís report from KPMG Corporate Finance (Aust) Pty Ltd.







comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

iPhone 8/iPhone X, impressions?
Created by surfisup1000, last reply by Batman on 25-Sep-2017 16:52 (425 replies)
Pages... 27 28 29


Auckland Airport fuel supply obliterated by digger
Created by Batman, last reply by k1wi on 23-Sep-2017 03:12 (220 replies)
Pages... 13 14 15


Car pulling left - even after alignment
Created by Paul1977, last reply by Gordy7 on 25-Sep-2017 19:00 (25 replies)
Pages... 2


Driving an automatic - do you use one foot or both?
Created by geekIT, last reply by Coil on 25-Sep-2017 13:38 (142 replies)
Pages... 8 9 10


Disappointed with transition to MyRepublic
Created by Rudster, last reply by djtOtago on 25-Sep-2017 15:43 (17 replies)
Pages... 2


When did we become America
Created by BTR, last reply by Fred99 on 22-Sep-2017 12:12 (66 replies)
Pages... 3 4 5


vodafone shutting down email?
Created by FatFurryGuy, last reply by Pumpedd on 25-Sep-2017 09:00 (298 replies)
Pages... 18 19 20


Spam Text
Created by rendezvous, last reply by KiwiSurfer on 25-Sep-2017 17:02 (22 replies)
Pages... 2