Thursday, September 30, 2010

Intel to Invest $20 million in Korean WiBRO Venture

As reported by Reuters and other media outlets, Intel will invest $20 million in a wireless broadband joint venture with Samsung Electronics, Korea Telecom, and Korea's National Pension Service.  The joint venture was announced last May by KT, with capital of $280.9 million.   It will expand South Korea's mobile WiMax coverage to 82 cities by March of next year, covering 85 percent of the nation's population.
The expansion is part of KT's effort to cope with surging data traffic following introduction of Apple's iPhone in late November of last year.

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