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Friday, January 05, 2007

NextWave Buys Go Networks

The WiMax developer and licensed spectrum holder NextWave will acquire metro-scale Wi-Fi gear maker Go Networks: Go's equipment uses MIMO to fill more space at lower cost, the company has said. NextWave, a successor firm to the 1990s cell operator and Supreme Court case victor over spectrum auctions, has a portfolio of WiMax hardware and a set of licenses they purchased in the recent advanced wireless services auction. NextWave also acquired some German WiMax licenses last month. NextWave is obviously assembling a set of technologies that they can roll out in test markets that they have spectrum in, and will be well positioned to test the effectiveness of MIMO-based Wi-Fi as a complement and supplement to WiMax in urban areas. The Go Networks' deal is valued at $13.3m with a separate assumption of $7.5m in debt. Go would also receive $25.7m in stock for meeting milestones 18 months after the deal closes.... [more]

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