Tuesday, June 20, 2006

Navini Secures $17.5 Million for Mobile WiMAX

Navini Networks secured an additional $17.5 million in funding for its portable wireless broadband network solutions.

Navini pre-16e mobile WiMAX experience include a deployment with Unwired Australia (with over 50,000 subscribers to date). The company claims broadband wireless customers in over 30 countries.

The Navini Ripwave) MX solution offers dual-mode CPEs and PCMCIA cards as well as base stations, with software upgrades to the IEEE 802.16e standard. The portable, zero-install, non-line-of-sight (NLOS) product line consists of customer modems, base stations, and element management systems (EMS) that run in the full range of spectrums.

Intel Capital, which has been an investor in Navini since 2001, has increased its stake in the company with this round.