Intel Capital Extends WiMAX Investments Worldwide; First Investment in the Middle East and Continued Momentum in Europe.SANTA CLARA Santa Clara, city, Cuba
Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Intel Capital, the venture capital investment arm of Intel Corporation (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking , today announced the signing of two WiMAX (Wireless Interoperability for Microwave Access) agreements. The first is for an investment in Orascom Telecom WiMAX Limited, a joint venture with Orascom Telecom of Egypt, and the second is for an investment in Worldmax, a joint venture with Enertel Holding of the Netherlands. Both investments are expected to be completed following the fulfillment and satisfaction of certain condition precedents and the receipt of various approvals.
The deals underscore Intel Capital's continuing commitment to the deployment of low-cost broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem.
Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a through WiMAX networks around the world. Orascom Telecom WiMAX Limited is also the first investment from the Intel Capital Middle East and Turkey Fund announced last November.
Both deals are collaborations between Intel Capital and established telecommunications companies, which will bring significant experience of network deployment, marketing and operations to the newly formed joint ventures. Orascom Telecom WiMAX Limited will focus its efforts on working with governments and companies throughout the Middle East and parts of Asia to obtain suitable spectrum licenses for the deployment of WiMAX services. Worldmax is targeting the deployment of WiMAX services in the Netherlands. In addition to funding and personnel, Enertel is also contributing an existing nationwide 80 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. at 3.5 GHz spectrum license to support this new joint venture.
Both new companies will be majority-owned by Orascom Telecom of Egypt and Enertel Holding respectively, with Intel Capital as the lead investor. Intel Capital will also provide access to the significant technical and marketing resources of Intel Corporation.
"Intel Capital is a leader in promoting the deployment of low-cost WiMAX based Internet access See how to access the Internet. ," said Arvind Sodhani, president of Intel Capital. "These latest agreements build on the foundation of existing Intel Capital investments to bring the benefits of low-cost, high-bandwidth broadband Internet access to consumers around the world and support the vision of the World Ahead program that Intel CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Paul Otellini Paul S. Otellini (born October 12, 1950) is Intel Corporation's fifth Chief Executive Officer. Education
Paul Otellini graduated from St. Ignatius College Preparatory. He holds a bachelor's degree in economics from the University of San Francisco. outlined earlier this month at the World Congress on Information Technology."
Over the past year, Intel Capital has announced investments in a number of WiMAX and wireless broadband service providers around the world including: PIPEX PIPEX Public Internet Protocol Exchange (Internet) Wireless in the United Kingdom, DBD DBD DNA binding Domain (nuclear receptors)
DBD Database Design
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dBd Decibels (dipole antenna)
DBD Death Before Dishonor (gaming clan) in Germany, Unwired Australia, Neovia in Brazil and MVSNet in Mexico. Intel Capital has also been active in supporting WiMAX infrastructure development through investments in Navini Networks, a provider of WiMAX basestations and modems, and Beceem Communications, a provider of mobile WiMAX chipsets.
"We see the creation of this new wireless service provider as an incredible opportunity to provide new services to major cities in the Netherlands," said Cees Meeuwis, Enertel executive chairman. "Worldmax will offer wireless access and services through a wholesale relationship with a number of resale channels in the Dutch market. This wireless broadband access service will uniquely complement the existing fixed-line broadband access services already offered in the Netherlands."
"Orascom Telecom WiMAX Limited is an exciting first step towards bringing the advantages and opportunity of Internet connectivity to the people of the Middle East, and beyond, many of whom have never had such an opportunity before," said Franco Grimaldi, CEO of Orascom Telecom WiMAX Limited. "Together with Intel Capital, we will work closely with governments and companies in the Middle East and Asia to make this vision a reality."
About Intel Capital
Intel Capital, Intel's 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 www.intelcapital.com.
About Enertel Holding
Enertel N. V. is wholly owned by Enertel Holding. Since its inception in 1996, Enertel has developed as a carriers-carrier operator in the Netherlands and has evolved into a wholesale telecom operator servicing the majority of all alternative ISPs. Enertel also provides a variety of data and IP services directly to the corporate customer segment. Enertel exploits its own infrastructure. This infrastructure consists of national and metropolitan fiber rings, a nationwide 3.5 GHz spectrum license, and an advanced data center. Enertel Holding is owned by Greenfield Capital Partners and its management.
About Orascom Telecom
Orascom Telecom Holding Orascom Telecom or Orascom Telecom Holding S.A.E. is the first multinational Egyptian corporation, it is one of the core Orascom Group companies.
Orascom Telecom is a leading international telecommunications company operating GSM networks in seven high growth markets S.A.E. ("Orascom Telecom" or "OTH OTH Over-The-Horizon (usually radar)
OTH Other (on overtime forms)
OTH One Tree Hill (band and TV show)
OTH Other Than Honorable ") is a leading international telecommunications company operating GSM networks in seven high growth markets in the Middle East, Africa and South Asia. It has a total population under license of approximately 460 million with an average mobile telephony penetration of approximately 14 percent. Orascom Telecom operates GSM networks in Algeria ("Djezzy"), Pakistan ("Mobilink"), Egypt ("MobiNil"), Tunisia ("Tunisiana"), Iraq ("IraQna"), Bangladesh ("Banglalink"), and Zimbabwe ("Telecel Zimbabwe"). Orascom Telecom had over 30 million subscribers as of December 31, 2005. Orascom Telecom also owns 19.3 percent of Hutchison Telecommunications International Limited Hutchison Telecommunications International Limited provides mobile and landline telecommunication products in Hong Kong, and operates mobile telecommunications products in Ghana Macau, Indonesia, Israel, Sri Lanka, Thailand, and Vietnam. , a leading telecommunication services provider operating in eight countries.
Orascom Telecom is traded on the Cairo & Alexandria Stock Exchange under the symbol (ORTE.CA, ORAT ORAT Optical Raman Amplification Technologies (Sprint)
ORAT Oliver Rettig und Andreas Traupe (Karlsruhe, Germany software development) EY), and on the London Stock Exchange London Stock Exchange
London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. its GDR GDR
See Global Depositary Receipt (GDR). is traded under the symbol (ORTEq.L, OTLD OTLD Oakwood Township Library District (Oakwood, IL) LI).
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