Intel Corp. (NASDAQ:INTC) is betting big that WiMax will be the winning mobile Internet technology of the future, pouring nearly $2 billion into 18 WiMax companies in recent years.
Olaf de Serenport Domis has the story in the latest issue of
The Deal magazine. As he reports, Intel's venture arm Intel Capital last month invested $43 million in UQ Communications Inc., a Tokyo-based WiMax service provider gunning for 90% of the Japanese market by 2012. It's an important test for WiMax. Widespread adoption in Japan could give the technology an edge as competitive technologies -- namely long-term evolution, or LGE, backed by AT&T Inc. (NYSE:T) and Verizon Wireless -- mature.
It's an expensive race with top-tier technology, telecom and wireless companies invested. And no wonder, the rewards are potentially huge, and no company wants to be left behind. - Suzanne Stevens
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