Intel invests in Australia WiMax company

August 25, 2005

Intel said Thursday it will invest in Australian broadband carrier Unwired Australia to boost its WiMax network.

Intel's investment group Intel Capital will be buying about $28 million in secured convertible notes issued by Unwired. The Australian company will be using the proceeds to expand its services to major cities across the country.

In addition, the world's biggest semiconductor manufacturer and Unwired said they will work together to promote wireless broadband technology.

"Continued investment in WiMAX technology is strategically important for the industry," Arivind Sodhani, head of Intel Capital, said in a news release. "It will enable the provisioning of fast, full-fledged broadband Internet access to a vast proportion of the population in an accelerated time frame," he added.

WiMax stands for worldwide interoperability for microwave access and provides high-speed broadband connections over long distances wirelessly.

Copyright 2005 by United Press International

Related Stories

Recommended for you

Macrophages create the elusive spermatogonial stem cell niche

September 3, 2015

(Phys.org)—Every organ strikes its own balance between self-renewal and differentiation. At one extreme is the brain, where only a few isolated outposts are known to contribute to a largely quiescent population. At another ...

Clues from ancient Maya reveal lasting impact on environment

September 3, 2015

Evidence from the tropical lowlands of Central America reveals how Maya activity more than 2,000 years ago not only contributed to the decline of their environment but continues to influence today's environmental conditions, ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.