Feeds

NextWave buys IPWireless

But is the next wave TDD or WiMAX?

Security for virtualized datacentres

Mobile communications company NextWave Inc is to buy IP Wireless for $100m in cash and shares, paying another $114m over the next few years if revenue milestones are reached.

The initial payment will be $25m in cash and $75m in stock. The remaining $114m will also be a combination of stock and cash, with $50m chunks due at the end of 2007 and in 2010, with the rest payable in 2008 and 2009.

Privately-held firm IPWireless is headquartered in San Bruno, California, with research and development facilities in the UK. It specialises in the use of time-division-duplex (TDD) 3G spectrum and has customers all over the world using its technology.

In many countries, however, TDD is virtually unused - in the UK every operator except Vodafone paid for such spectrum during the 3G auctions, and no one is using it for anything yet - a factor which has encouraged IPWireless to spread into areas such as MBMS (a technology that utilises TDD spectrum for TV broadcasting). The company trialled the technology in Bristol recently.

NextWave's experience is in WiMAX and Wi-Fi, though it also owns PacketVideo - a company providing video distribution and management systems for consumer video to phone handsets using data networks.

IPWireless will continue to operate as an independent company, with one of the founders becoming chief executive, but the new parent will have an influence on the company's direction.

NextWave Wireless chairman and chief executive officer Allen Salmasi said: "IPWireless and NextWave will work together to expand IPWireless' product portfolio to incorporate WiMAX and/or Wi-Fi technologies for those service providers and equipment vendors that require such solutions."

The deal is expected to close in the second quarter of 2007, subject to regulatory approval. ®

Intelligent flash storage arrays

More from The Register

next story
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
IBM, backing away from hardware? NEVER!
Don't be so sure, so-surers
Hey - who wants 4.8 TERABYTES almost AS FAST AS MEMORY?
China's Memblaze says they've got it in PCIe. Yow
Microsoft brings the CLOUD that GOES ON FOREVER
Sky's the limit with unrestricted space in the cloud
This time it's SO REAL: Overcoming the open-source orgasm myth with TODO
If the web giants need it to work, hey, maybe it'll work
'ANYTHING BUT STABLE' Netflix suffers BIG Europe-wide outage
Friday night LIVE? Nope. The only thing streaming are tears down my face
Google roolz! Nest buys Revolv, KILLS new sales of home hub
Take my temperature, I'm feeling a little bit dizzy
Storage array giants can use Azure to evacuate their back ends
Site Recovery can help to move snapshots around
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.