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Technology Stocks : CLYW - Calypso Wireless, Inc.

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From: CLYW1301/30/2006 6:02:41 AM
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***Calypso Wireless has signed a $500 million, 3-year agreement with China Telecom to supply them with technology to allow mobile phone users to switch to a VoIP link and back again, via Wi-Fi.

Calypso will provide a complete infrastructure solution and is offering a deal in which domestic users will have a rebate on their broadband bills if phone users use their open WLAN for calls.

The Calypso/China Telecom deal will see shipments begin in very soon The initial production shipments of Wi-Fi access points, phones and the Media Gateway Controllers linking them will begin very soon.
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