IPWireless Gets $10M

Sprint Nextel has made an additional $10 million strategic investment in IPWireless

January 18, 2006

1 Min Read

RESTON, Va. and SAN BRUNO, Calif. -- 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.

Sprint Corp. (NYSE: S)

IPWireless Inc.

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

You May Also Like