Sunday, June 7, 2009

Intel Invests $43 Million in Japan's UQ for WiMAX Rollout

Intel Capital invested $43 million (JP ¥4.15 billion) in Japan-based UQ Communications, a provider of WiMAX mobile services.

UQ Communications will utilize the funding to continue the nationwide expansion of UQ WiMAX service in Japan, with the commitment to provide WiMAX coverage to 90 percent of the country by 2012. UQ Communications recently launched trial service of its UQ WiMAX in Tokyo's 23 wards, Yokohama and Kawasaki, and the Haneda Airport (Tokyo International Airport). UQ Communications will formally launch UQ WiMAX service on July 1.

"Intel Capital's investment in UQ Communications is one of our most significant commitments in developing the WiMAX ecosystem around the globe," said Arvind Sodhani, president of Intel Capital and Intel executive vice president. "UQ's WiMAX deployment in Japan is a spectacular example of technology innovation being put to work."

"UQ Communications values Intel Capital's investment to help expand our WiMAX service in Japan," said Takashi Tanaka, CEO of UQ Communications. "We look forward to further collaboration with Intel and Intel Capital."