Tuesday, October 4, 2005

Covad to Acquire NextWeb, Enter WiMAX Market

Covad Communications will acquire NextWeb, a provider of fixed-wireless in California, for approximately $24.7 million. NextWeb, based in Fremont, California, utilizes licensed and unlicensed wireless technology. NextWeb currently provides service to nearly 3,000 business customers in the San Francisco Bay Area, Los Angeles, Orange County (CA), Santa Barbara and Las Vegas.

Covad said it is currently conducting pre-WiMAX technical trials focused on the small business/enterprise market in the San Francisco Bay Area. Covad is achieving pre-WiMAX links up to five miles from the wireless base station at symmetrical speeds as high as 5.0 Mbps.

See also