Report: MVS to invest US700M in Mexican WiMAX
Mexican communications firm MVS Comunicaciones reportedly plans to launch WiMAX networks in 23 cities in a US$700 million project aided by major WiMAX backers Clearwire and Intel.
Report: Clearwire to get US1.5B in new funding
WiMAX service provider Clearwire is to receive at least another US$1.5 billion in funding from its partners, according to a Wall Street Journal (WSJ) report. The WSJ article claims that Clearwire’s majority shareholder (51 percent), Sprint Nextel, will pump another US$1 billion into the venture, whilst a group which includes Comcast, Intel, Time Warner and Bright House Networks will stump up another US$500 million.
Alvarion profits down 21% on slower WiMAX sales
WiMAX equipment vendor Alvarion has reported a 21 percent drop in its revenues for the third quarter to US$58.4 million, compared to US$74.3 million in 2008, according to Cellular News.
NEC and Telecom Italia have agreed a Memorandum of Understanding (MOU) to cooperate on business development, technologies and network improvement, notes TelecomPaper.
Nortel has expanded its number of partners on development of WiMAX kit, signing up IBM, WiChorus, Quanta Computer and Accton Wireless Broadband, following an earlier deal with Alvarion.
India publishes official 3G auction schedule
India’s Department of Telecommunications (DoT) has announced that its long-awaited auction of 3G and WiMAX-capable Broadband Wireless Access (BWA) spectrum will begin on 14 January next year. The start date is about a month later than anticipated. In a revised memorandum document published late last week, the DoT said the auction will be conducted in four stages.
US operator Sprint today announced the launch of WiMAX services “throughout the Philadelphia area.”
Clearwire considers Taiwan investment
US WiMAX operator Clearwire is in talks with Taiwanese WiMAX licensee Global Mobile over a potential strategic alliance, notes TeleGeography, citing a DigiTimes report.
Icon to invest US200M in Russian WiMAX
Russian investment firm Icon Private Equity has announced plans to invest US$200 million into the establishment of a new national WiMAX operator, reports TeleGeography.
Ex-Orange CEO uses WiMAX for new venture
Ex-Orange CEO Sanjay Ahuja has set up a new company to supply mobile broadband Internet access in developing countries via WiMAX technology, reports the Financial Times (FT).
