Feeds

NextWave buys IPWireless

But is the next wave TDD or WiMAX?

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
European Court of Justice rips up Data Retention Directive
Rules 'interfering' measure to be 'invalid'
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.