Intel invests millions in Japanese WiMAX
UQ Communications has received over $40 million of investment from Intel Capital to help with its WiMAX coverage in Japan.
Intel Capital has invested $43 million (27 million) in a Japanese WiMAX mobile services company.
UQ Communications plans to use the money to achieve its goal of providing WiMAX coverage to 90 per cent of Japan before 2012.
Arvind Sodhani of Intel Capital, Intel's global investment sector, said: "Intel Capital's investment in UQ Communications is one of our most significant commitments in developing the WiMAX ecosystem around the globe. UQ's WiMAX deployment in Japan is a spectacular example of technology innovation being put to work."
Intel has an interest in WiMAX development, having been involved in the creation of chips to embed into devices. It has also invested in the network globally.
This is the second cash splash for Intel in as many weeks following last Friday's $884 million acquisition of Wind River.
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