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Intel Capital Invests $ 43 Million in UQ Communications

by on jun.14, 2009, under Intel

Intel Capital, the global investment organization, Intel Corporation, invested $ 43 million (JPY 4,150 million) in UQ Communications, a provider of WiMAX-based mobile services in Japan. UQ Communications will use the funds to continue the national expansion of UQ WiMAX service in Japan, with a commitment to provide WiMAX coverage to 90 percent of the country in 2012.

"Intel Capital's investment in UQ Communications is one of our most significant commitments to the development of the WiMAX ecosystem around the globe "Said Arvind Sodhani, president of Intel Capital and Intel executive vice president.

"The development of WiMAX in Japan by UQ is a spectacular example of technological innovation that is starting to get going."

"UQ Communications values ​​the investment from Intel Capital to help expand our service in Japan," said Takashi Tanaka, CEO of UQ Communications. "We seek greater collaboration with Intel and Intel Capital."

Intel has played a key role in the proliferation of global WiMAX standard. The company has worked closely with computer and communications manufacturers to embed WiMAX chipsets enabled devices, and has made ​​significant capital investments worldwide to help service providers build and deploy networks, in addition to meeting the needs of spectrum and regulation. To date, nearly 460 WiMAX networks deployed in 135 countries.

UQ Communications recently launched a trial service of its UQ WiMAX in the 23 wards of Tokyo, Yokohama, Kawasaki and the Tokyo International Airport Haneda). UQ Communications will formally launch UQ WiMAX service on 1 July.

Intel, the largest chipmaker in the world, also a leader in the manufacture of computers and networking and communications products. Additional information about Intel is available at www.intel.com / pressroom and blogs.intel.com

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