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News and Information Article
Mobile WiMAX Market is Gearing Up
RICHARDSON, Texas, June 21 // -- Navini Networks, Inc., the
worlds leading provider of portable wireless broadband network
solutions(1), announced today that is has successfully secured an
additional $17.5M in funding. This was an insider round which was
significantly oversubscribed.
Intel Capital, which has been an investor in Navini since 2001, has
increased its stake in the company with this round. "It is critical for the
industry to develop mobile WiMAX solutions to meet the communication and
information needs of our increasingly on-the-go society," said Sriram
Viswanathan, Vice President and Managing Director, Mobility at Intel
Capital. "Navini Networks is a key equipment supplier to service providers
whose deployments are accelerating this trend."
"Navini has customers in six continents and over 30 countries that are
experiencing personal wireless broadband today. This round of financing
will allow us to continue to expand our business and further our business
plan, helping our customers deploy the most advanced technology for
personal broadband," said Roger Dorf, President and CEO of Navini Networks.
"From our point of view, the market is clearly ahead of the 802.16e
standard and that means Navini continues to be in an enviable position."
"Our investors continue to support us because they are excited about
the market opportunity and Navinis potential for success," said Terry
Hungle, Navinis CFO.
Navini has the most pre-16e mobile WiMAX experience in the world,
including providing the worlds largest portable broadband wireless network
with Unwired Australia (with over 50,000 subscribers to date), which has
led to numerous pre-standard deployments. This, in addition to Navinis
strategy of allowing operators to deploy today and migrate to Mobile WiMAX
via a software upgrade, delivers the best overall value for anyone looking
for a personal broadband solution today.
About Navini Networks:
With the largest commercial deployments in the world, over 50
commercial networks in 6 continents and strategic partnerships with
industry leaders, Navini Networks is the world leader in providing
portable, plug-n-play broadband wireless access solutions.
Navini is the only company that has the patented smart beamforming
technology, enabling personal broadband for the mass market today, with a
seamless upgrade to the Mobile WiMAX standard to deliver Smart WiMAX(TM).
(Smart WiMAX(TM) is the combination of mobile WiMAX and Smart Beamforming,
which is critical for true personal broadband).
The Navini Ripwave(TM) MX solution offers the industrys first
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.
Navini Networks is a principal member of the WiMAX Forum and the IEEE
802.16e committee and is headquartered in Richardson, Texas.
http://www.navini.com .
About Intel Capital
Intel Capital, Intels venture capital organization, makes equity
investments in innovative technology start-ups and companies worldwide.
Intel Capital invests in a broad range of companies offering hardware,
software and services targeting enterprise, home, mobility, health,
consumer Internet and semiconductor manufacturing. Since 1991, Intel
Capital has invested more than US$4 billion in more than 1,000 companies
spanning more than 30 countries. During this time, about 160 portfolio
companies have been acquired and another 150 have gone public on exchanges
around the world. In 2005, Intel Capital invested about US$265 million in
about 140 deals with approximately 60 percent of funds invested outside the
United States. For more information on Intel Capital and its differentiated
advantages, visit http://www.intelcapital.com .
(1) "State of the Market Wireless Broadband Analysis Report 2006 - 2010
& SkyLight Research Wireless Broadband Five Year Forecast 2006 - 2010" by
SkyLight Research (published June 2006)
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