October 23, 2007
Cisco spends $330 million for mobile Wimax startup
Making a significant financial commitment to mobile Mimax, Cisco has purchased Richardson, TX based Navini Networks for $330 million.
Navini is a pioneer in “smart beamforming” technologies. It also uses multiple-input multiple-output, or MIMO, antennas. The combination of the technologies improves the speed of the data transmission and the range of WiMax radios. Overall, the technology lowers deployment and operational costs for network service providers because fewer radios are needed to transmit the wireless signals. (from Cnet)
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