Intel Funds WiMax Development to Replace WiFi

Aug 25, 2004

Speakeasy, a national independent broadband services provider, has received a strategic investment from the Intel Communications Fund, managed by Intel Capital. Speakeasy will use the capital to help expand network endeavors related to the new 802.16 wireless technology known as WiMax. Financial details were not disclosed. In early 2004, Speakeasy also raised $24 million in a Series D financing round from 3i and BV Capital, among others.

"WiMax" is an industry standard for wireless communications that has the potential to expand broadband wireless communications from the current WiFi range of 300 feet to up to 30 miles. Approximately 7 million people are forecasted to be using WiMax by 2007 (source: Parks & Associates), and the service will allow Speakeasy to deploy a cost-effective wireless solution to a broader geographic footprint and customer base. Speakeasy's plans include the deployment of broadband wireless networks in 2005 to support this new technology.

We are pleased to receive this investment from the Intel Communications Fund as it will contribute to Speakeasy's next phase of development. We believe that Intel's leadership in the technology sector makes it a natural fit with Speakeasy's progressive business model. We are excited to work with them on new wireless networking opportunities, which will allow small businesses and general consumers to improve their information sharing and connectivity resources," said Speakeasy CEO and President Bruce Chatterley.

"Intel believes with technologies like WiMax and service providers like Speakeasy, broadband deployment in the United States will begin to accelerate," said Scott Richardson, general manager of Intel's Broadband Wireless Division. "Speakeasy's experience in today's wired and wireless networks positions them to play a key role building out next generation networks."

Source: Speakeasy

Explore further: Why your laptop battery won't kill you

add to favorites email to friend print save as pdf

Related Stories

Intel Invests in Speakeasy WiMax Networks

Aug 26, 2004

Speakeasy, a national independent broadband services provider, has received a strategic investment from the Intel Communications Fund, managed by Intel Capital. Speakeasy will use the capital to help expand network endeavors rel ...

Recommended for you

Why your laptop battery won't kill you

8 hours ago

News on Tuesday that major U.S. airlines are no longer going to ship powerful lithium-ion batteries might lead some to fret about the safety of their personal electronic devices.

Visa, MasterCard moving into mobile pay in Africa

8 hours ago

Americans may just be getting used to mobile pay, but consumers in many African countries have been paying with their phones for years. Now payment processors Visa and MasterCard want to get a slice of that market, and are ...

Phone firms and the quest for the 5G Holy Grail

11 hours ago

Lightning-quick downloads, driverless cars and remote surgery: telecom firms are racing to develop a new generation of "5G" mobile networks that could start to change the world in five years.

User comments : 0

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.