Motorola Invests in SequansMotorola Invests in Sequans

Motorola Ventures invests in WiMax semiconductor firm Sequans

November 29, 2006

1 Min Read

PARIS and CUPERTINO, Calif. -- SEQUANS Communications, a leading supplier and developer of fixed and mobile WiMAX semiconductor solutions, has received substantial investment capital from Motorola, Inc. (NYSE: MOT), through Motorola Ventures, its strategic venture capital arm. The investment is an extension of Sequans´ recent round of funding announced in July.

"We are delighted to be investing in a company which has demonstrated leadership in WiMAX silicon," said John O´Donohue, managing director, Motorola Ventures in Europe. "This demonstrates Motorola Ventures´ commitment to investing in world class technology companies as part of the strategy of delivering Wi4, Motorola´s next generation wireless solutions to the marketplace."

"Motorola is the foremost WiMAX equipment maker and we are grateful for their support as we continue to meet our aggressive development schedule," said Georges Karam, Sequans CEO. "Our collaboration will help to accelerate the growing WiMAX momentum and will have a direct impact on the rollout of WiMAX networks, providing high bandwidth and mobility to people around the world."

Sequans Communications

Motorola Ventures

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like