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Fixed Wireless Broadband - Clearwire

  • 07-12-2004 3:25pm
    #1
    Skybird
    Closed Accounts Posts: 47 ✭


    Clearwire, one of the largest private telecoms firms offering fixed wireless broadband
    services in the US has bought a 75% stake in Net2Cell from the US investment firm
    Clarity Partners for an undisclosed sum. Clearwire completed a US$160m (€119.4m)
    fund raising during the summer and recently signed an equipment deal with Intel
    which will see its private equity arm invest in Clearwire. The remaining 25% stake is
    held by Brent Smith, Net2Cell's founder, who still works for the firm rebranded,
    Clearwire Ireland.

    Net2Cell owns 18 fixed wireless access licenses in Ireland which were awarded by
    ComReg in 2003. These enable Clearwire to offer broadband in designated areas of
    Dublin and Leinster.

    Clearwire plans to use WiMax technology and launch a limited service next month to
    comply with its license obligations and follow up with a full launch next May.


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