Sprint Nextel has made an additional US$10 million strategic investment in IPWireless. In July of 2005, Sprint made its initial investment of $4 million in IPWireless. Sprint Nextel is currently trialing IPWireless' UMTS TD-CDMA technology in the Washington DC area for broadband access for laptops, desktops or PDAs; backhaul for enterprise campus; and a wide array of Wireless Interactive Multimedia Services.
"Sprint Nextel is committed to evaluating and supporting the best next generation technologies available to deliver cutting-edge services for our customers," said Barry West, chief technology officer at Sprint Nextel. "We believe that UMTS TD-CDMA technology holds great promise as a next generation platform for operators globally, especially for both Mobile Broadband and Mobile TV applications, and we are pleased to make this additional investment."
IPWireless has raised more than US$200 million since its founding in 1999, with lead backers including Bay Partners, DCM - Doll Capital Management, Gabriel Venture Partners, GIC Special Investments, J.F. Shea Venture Capital, and Oak Hill Capital Management."
Posted to the site on 20th January 2006
Posted to: www.cellular-news.com/story/15681.php