Tuesday, January 17, 2006

IPWireless Raises New Funding Led by Sprint Nextel

Sprint Nextel has made an additional $10 million strategic investment in IPWireless, a supplier of TD-CDMA technology. Sprint made its initial investment of $4 million in IPWireless in July 2005.

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.

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.

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