Cisco Scoops Up WiMax Firm Navini for $330 Million

October 26th, 2007

On Tuesday, Cisco announced plans to acquire Navini Networks, a Mobile WiMax company, for $330 million. WiMax, a long-range wireless technology, is gaining industry momentum, with Intel planning to offer chips based on the technology next year and U.S. service providers Clearwire and Sprint Nextel adopting WiMax.”Around the world, broadband wireless networks based upon WiMax have the potential to add millions of new Internet users who cannot be reached economically using copper or fiber infrastructures,” said Brett Galloway, vice president and general manager of Cisco’s Wireless Networking Business Unit, in a statement.

WiMax networks, he added, will help drive the transition to open IP-based broadband wireless architectures and accelerate the rollout of new applications and services.

Click here to read the rest of this story on TopTechNews.

Entry Filed under: Hot off the Press