Cisco to buy WiMax supplier

Posted on Thursday, Oct 25 2007 @ 11:00 CEST by Thomas De Maesschalck
Cisco announced it's going to acquire Navini Networks for $330 million:
The all-cash deal came a week after the United Nations approved WiMax for use on the 3G radio spectrum, boosting its appeal as an alternative to existing 3G broadband data services.

Unlike Wi-Fi, a rival wireless standard that operates at shorter distances, WiMax networks allow the high-speed transmission of information over distances of several kilometres.

Some telecommunications companies have expressed interest in using WiMax wireless technologies to replace traditional copper wires or fibre optic cable in the "last mile" between their data backbones and customers' homes.
Source: MSNBC

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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