RCom Buys UK WiMax Operator eWave
Posted: 25th Apr, 2008 By: MarkJ
India's Reliance Communications has acquired a 90% stake in eWave World, a UK-based WiMax broadband wireless operator. RC hopes to use eWave to help it launch 4G 'Mobile Broadband' services around the world.
The stake itself is worth roughly £55m, although RC has not revealed its plans for the UK firm. Presently the group hopes to launch some form of WiMAX based 4G service in 50 countries by 2012.
The stake itself is worth roughly £55m, although RC has not revealed its plans for the UK firm. Presently the group hopes to launch some form of WiMAX based 4G service in 50 countries by 2012.
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