Mobile WiMAX market is gearing up
Richardson, TX — June 21, 2006 — Navini Networks, Inc., the world's leading provider of portable wireless broadband network solutions, 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 Navini's potential for success,” said Terry Hungle, Navini's CFO.
Navini has the most pre-16e mobile WiMAX experience in the world, including providing the world's 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 Navini's 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. (Smart WiMAX is the combination of mobile WiMAX and Smart Beamforming, which is critical for true personal broadband).
The Navini Ripwave MX solution offers the industry's 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.
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