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: Ex-Apple chief plans mobile phone for India

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

Ex-Apple chief plans mobile phone for India

11 hours ago

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Health care site flagged in Heartbleed review

Apr 19, 2014

People with accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the ...

Airbnb rental site raises $450 mn

Apr 19, 2014

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

Four questions about missing Malaysian plane answered

Apr 19, 2014

Travelers at Asian airports have asked questions about the March 8 disappearance of Malaysia Airlines Flight 370 while en route from Kuala Lumpur to Beijing. Here are some of them, followed by answers.

Android gains in US, basic phones almost extinct

Apr 18, 2014

The Google Android platform grabbed the majority of mobile phones in the US market in early 2014, as consumers all but abandoned non-smartphone handsets, a survey showed Friday.

User comments : 0

More news stories

Ex-Apple chief plans mobile phone for India

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Health care site flagged in Heartbleed review

People with accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the ...

A homemade solar lamp for developing countries

(Phys.org) —The solar lamp developed by the start-up LEDsafari is a more effective, safer, and less expensive form of illumination than the traditional oil lamp currently used by more than one billion people ...

Floating nuclear plants could ride out tsunamis

When an earthquake and tsunami struck the Fukushima Daiichi nuclear plant complex in 2011, neither the quake nor the inundation caused the ensuing contamination. Rather, it was the aftereffects—specifically, ...

NASA's space station Robonaut finally getting legs

Robonaut, the first out-of-this-world humanoid, is finally getting its space legs. For three years, Robonaut has had to manage from the waist up. This new pair of legs means the experimental robot—now stuck ...

Filipino tests negative for Middle East virus

A Filipino nurse who tested positive for the Middle East virus has been found free of infection in a subsequent examination after he returned home, Philippine health officials said Saturday.

Egypt archaeologists find ancient writer's tomb

Egypt's minister of antiquities says a team of Spanish archaeologists has discovered two tombs in the southern part of the country, one of them belonging to a writer and containing a trove of artifacts including reed pens ...