Monday, April 9, 2007

Telsima Raises $50 Million for WiMAX

Telsima, a start-up based in in Santa Clara, California, raised $50 million in new funding for its WiMAX based Broadband Wireless Access (BWA) and Mobility solutions.

Telsima's StarMAX BWA product lines resemble end-to-end WiMAX solutions, enabling operators to deploy non-line-of-sight, fixed or portable broadband wireless multimedia services in dense urban, suburban and rural environments.

Telsima said it currently has commercial deployments in emerging markets such as India, and Central and Eastern Europe (CEE), with several multi-million dollar contracts from Tier 1 operators.

The new funding came from the initial investor syndicate: NewPath Ventures, New Enterprise Associates, CMEA Ventures, JAFCO Asia, and other strategic investors.

  • Telsima is headed by Dr. Alok Sharma, who previously was the Vice President and General Manager of the Worldwide Cable Business at Juniper Networks. Before Juniper Networks, Alok was the Founder, CEO and President of Pacific Broadband Communications (PBC) which was acquired by Juniper Networks for $200 million in December 2001.

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