Thursday, July 5, 2007

NextWave Wireless Acquires Switzerland's WiMAX Telecom AG

NextWave Wireless Inc. has acquired a 65% controlling interest in WiMAX Telecom AG, a Zurich-based operator that has obtained nationwide wireless broadband spectrum concessions in Austria and Slovakia, and a major spectrum concession in Croatia. The company currently operates WiMAX networks in Austria and Slovakia and provides wireless broadband service to 8,500 customers. The acquisition was completed through NextWave's majority-owned subsidiary, Inquam Broadband GmbH. Financial terms were not disclosed.



San Diego-based NextWave Wireless develops mobile WiMAX solutions and has acquired a nationwide spectrum footprint in the U.S. and Germany.

http://www.nextwave.com

http://www.wimax-telecom.net

  • Earlier this month, Nextwave announced the launch of Latin American operations by opening offices in São Paulo, Brazil.


  • In April 2007, NextWave Wireless agreed to acquire IPWireless, the leading supplier of TD-CDMA network equipment and subscriber terminals, for approximately $100 million at closing, consisting of $25 million in cash and $75 million in NextWave common stock.


  • In February 2007, NextWave Wireless, which develops mobile WiMAX solutions and has acquired a nationwide spectrum footprint in the U.S. and Germany, completed its acquisition of GO Networks. The Mountain View, California-based start-up provides advanced Wi-Fi network systems to service providers looking to deploy campus and metropolitan Wi-Fi systems.



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