IP Wireless still doesnt have a license....
prnewswire.com
Sprint Nextel Leads New Investment in IPWireless
$10 Million Investment Is Sprint Nextel's Second in Next Generation Wireless
Leader
RESTON, Va., and SAN BRUNO, Calif., Jan. 18 /PRNewswire/ -- Sprint Nextel
has made an additional $10 million strategic investment in IPWireless the
companies announced today. 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, D.C. area for broadband access for laptops, desktops or PDAs;
backhaul for enterprise campus; and a wide array of Wireless Interactive
Multimedia Services such as video-streaming, online gaming, document
collaboration and video-conferencing.
"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 $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.
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