Bookmark and Share

Tags

32nm 40nm 45nm AMD Apple ASUS ATI Atom Business Cypress E-Book Evergreen Fermi Flash Geforce Globalfoundries GT300 IBM Intel Microsoft Nforce Nintendo Nokia Nvidia Radeon Semiconductor SSD TSMC Wii Windows

News

Intel Capital and Motorola will invest $900 million in total into Clearware Corp., who is the leading provider of wireless Internet in the U.S. The investments are meant to help the company to deploy the WiMAX networks, which will eventually allow Intel and Motorola to sell more devices that support the WiMAX technology.

The series of transactions is to accelerate the development and deployment of portable and mobile WiMAX networks based on the IEEE 802.16e-2005 standard. The transactions include Intel Capital’s investment of $600 million as part of a $900 million private financing round and Motorola’s acquisition of Clearwire’s subsidiary NextNet Wireless, a leading provider of OFDM-based non-line-of-sight (NLOS) wireless broadband infrastructure equipment. Motorola Ventures is also participating in the financing round.

Following closing of the transactions, Motorola will supply wireless broadband equipment for Clearwire’s existing and future networks globally. To hasten the proliferation of mobile WiMAX in PC clients, Intel will work to enable the inclusion of WiMAX chipsets in next generation mobile computing platforms, the company indicated. All three parties will contribute significant research and development resources to evolve NextNet Wireless’ pre-WiMAX technologies.

“The size of this investment from Intel Capital underscores our commitment to supporting wireless broadband using WiMAX networks in the United States,” said Intel Capital President Arvind Sodhani. “Our collaboration with Clearwire and Motorola builds on the foundation of previous WiMAX network deployment investments made by Intel Capital throughout the world to bring the benefits of mobile high-speed and content-rich Internet access to wireless broadband users.”

“Collaborating with Intel and Motorola significantly advances our vision for fixed, portable and mobile wireless broadband services,” said Craig McCaw, founder, chairman, and co-CEO of Clearwire. “Wireless broadband networks will enable the creation and delivery of differentiated services and applications that enhance the way people communicate and experience the Internet.”

Closing of the transactions is subject to regulatory approval and certain closing conditions.

Discussion

Comments currently: 1
Discussion started: 08/24/06 10:51:43 AM
Latest comment: 08/24/06 10:51:43 AM

[1-1]

1. 
Earn money calling!
[Posted by: Earn money calling!  | Date: 08/24/06 10:51:43 AM]

[1-1]

You must log in to add comments.

Forgot password? Registration

remember me



Related news

Latest News

Thursday, November 26, 2009

3:53 pm | European Commission Accuses CRT Makers of Forming Cartels. Just When CRT Era is Over, European Commission Accuses CRT Makers of Law Violation

3:20 pm | ATI Eliminates Multi-GPU Performance Boosting Technology from Latest Chips. Sideport Not Present in ATI Radeon HD 5000 GPUs – Company

2:35 pm | Nintendo: Wii is the Most Popular Game Console Among Women. Wii Popularity – Result of Deliberate Attempt to Expand the Market, Claims Nintendo

11:11 am | Nvidia Quietly Unveils GeForce 310, GeForce 205 Graphics Cards. Nvidia GeForce 205: Performance of GeForce FX in 2009

Wednesday, November 25, 2009

10:44 pm | Infineon and Nokia to Jointly Develop LTE Transceiver Solutions. Infineon and Nokia Collaborate on 4G/LTE Technology

5:50 pm | U.S. Patent Office Again Rejects Rambus’ Claims Against Nvidia. Nvidia Wins Another Round in Patent Dispute with Rambus

2:36 pm | EA Montreal to Concentrate on High-Def Games, Lower Focus on Wii. Large Video Game Developer to Re-Focus on HD Blockbuster Titles

11:58 am | AMD to Describe 32nm x86-64 Processor at Chip Conference [UPDATED]. AMD to Reveal Power Trimming Technologies of Next-Generation Mobile Chip