Intel Injects Additional Investment in WiMAX

(Business News & Technology News, 21 May 2008)

By Stephen Las Marias, Editor


Intel Corp., via its investment arm Intel Capital, boosted its investments in WiMAX through a RM50 million stake in Green Packet Bhd, the parent company of Packet One Networks (P1).

Intel and P1 will work to deploy Malaysia's first commercially available nationwide 802.16e WiMAX network by June 2008, said to be the first large-scale commercial deployment of mobile WiMAX in Southeast Asia, and the first large-scale deployment of an 802.16e 2.3GHz WiMAX network outside Korea.

The investment is said to allow Intel Capital up to a 6.34 percent stake in the main board-listed company.

Just recently, Intel, Google, Comcast, Time Warner, and Bright House Networks, have collectively invested $3.2 billion in Clearwire, the new wireless communications company formed by Clearwire and Sprint Nextel in the United States.

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RELATED ARTICLE ON PACKET ONE

Packet One Networks Enhances WiMAX Launch Readiness