Sprint Nextel has made an additional $10 million strategic investment in IPWireless, a supplier of TD-CDMA technology. Sprint made its initial investment of $4 million in IPWireless in July 2005.
Sprint Nextel is currently trialing IPWireless’ UMTS TD-CDMA technology in the Washington, D.C. area for broadband access for laptops, desktops or PDAs; backhaul for enterprise campus; and a wide array of Wireless Interactive Multimedia Services such as video-streaming, online gaming, document collaboration and video-conferencing.
IPWireless has raised more than $200 million since its founding in 1999, with lead backers including Bay Partners, DCM – Doll Capital Management, Gabriel Venture Partners, GIC Special Investments, J.F. Shea Venture Capital, and Oak Hill Capital Management.
http://www.ipwireless.com
