SPOTLIGHT: Intel Capital forms JVs in Egypt, the Netherlands

Intel Capital is making more rounds of financing to put WiMAX in Egypt and the Netherlands. The VC firm said it is forming two joint ventures, investing an undisclosed amount into Orascom Telecom WiMAX, owned by Orascom Telecom in Egypt and WorldMax, part of EnterTel holdings in the Netherlands. Orsacom hasn't secured the necessary spectrum licenses to deploy WiMAX services in the Middle East and part of Asia. WorldMax plans to launch WiMAX services in the Netherlands using the 80-MHz spectrum license already owned by EnerTel. Article

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