American chipmaker, Intel Corp., announced on Monday that its venture capital arm would invest roughly US$16 million in Green Packet Berhad, a Malaysian company working to develop that countries first WiMAX broadband network.
Packet One Networks, a unit of Green Packet, is expected to begin rolling out its WiMAX service sometime next month, offering high-speed wireless internet connections for laptops and mobile devices.
“Intel is committed to the deployment of WiMAX globally and momentum for WiMAX is strong,” commented Arvind Sodhani, an executive with the chipmaker. “Packet One’s intention to deploy a commercial WiMAX network represents a significant acceleration of WiMAX momentum in Asia Pacific.”
WiMAX is a wireless broadband technology capable of transmitting over distances of up to 50 km, and reducing the cost of high-speed internet deployment. It is expected to have a significant impact in developing nations such as Malaysia, where broadband deployment currently stands at just 4%, despite 20% of the population having access to personal computers.
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