McCaw bets on wireless broadband
The fixed wireless broadband market just got "hit"... Cell phone pioneer Craig McCaw has invested in NextNet Wireless, another sign of renewed interest in makers of equipment used to bring high-speed wireless Web access to homes and offices. McCaw is the mobile industry billionaire behind AT&T-owned McCaw Cellular, one of the first successful cell phone providers. A NextNet Wireless representative would not disclose how much McCaw's Com Holdings invested but said that Com Holdings led the round of funding. NextNet makes equipment that delivers high-speed Internet access to areas where the geography prevents connections using telephone lines or fiber optics. Earlier versions of so-called fixed-wireless equipment failed to rouse much interest from broadband providers because the antennas blasting the access through the air had to be within line of sight of receivers on a home or office rooftop. ... [CNET News.com]
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