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Intel signs two WiMAX investments

Posted: 24 May 2006     Print Version  Bookmark and Share

Keywords:Intel Capital  Intel  WiMAX  Orascom Telecom  Orascom Telecom 

Intel Capital has announced that it has signed two WiMAX agreements.

The first is for an investment in Orascom Telecom WiMAX Ltd, a joint venture with Orascom Telecom of Egypt, and the second is for an investment in Worldmax, a joint venture with Enertel Holding of the Netherlands.

Both deals will bring significant experience of network deployment, marketing and operations to the newly formed joint ventures. Orascom Telecom will focus its efforts on working with governments and companies throughout the Middle East and parts of Asia to obtain suitable spectrum licenses for the deployment of WiMAX services. Worldmax is targeting the deployment of WiMAX services in the Netherlands. In addition to funding and personnel, Enertel is also contributing an existing nationwide 80MHz at 3.5GHz spectrum licence to support this joint venture.

Both the companies will be majority-owned by Orascom Telecom of Egypt and Enertel Holding respectively, with Intel Capital as the lead investor. Intel Capital will also provide access to the significant technical and marketing resources of Intel Corp.

Over the past year, Intel Capital has announced investments in a number of WiMAX and wireless broadband service providers around the world, including PIPEX Wireless in the United Kingdom, DBD in Germany, Unwired Australia, Neovia in Brazil and MVSNet in Mexico. Intel Capital has also been active in supporting WiMAX infrastructure development through investments in Navini Networks, a provider of WiMAX basestations and modems, and Beceem Communications, a provider of mobile WiMAX chipsets.

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