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There’s no surprise in a fact that a large country like Russia is looking into wireless technologies like WiMAX. On a paper, WiMAX seems promising, but apparently real-life experience for some folks was painful, to say the least.
However, that doesn’t stop VCs into pouring out cash into the local WiMAX providers. In the past three months, three different operators have raised close to $75 million in venture investments:
- MetroMax recently raised $20 million from Volga One River Capital Partners,
- Tascom got $15 from Quadriga Capital Russia, and
- Enforta went home with $40 million from Bessemer Venture Partners.
In a sharp contrast, Clearwire got $1.6 billion to get its WiMAX network running. Russian labor is cheaper for sure and there are some very educated people coming out from Russian universities, but still — the amount involved seems ridiculously low compared to what Clearwire got. We’ll be watching all WiMAX news and get back to you as soon as we hear something interesting on the subject…
[Via: GigaOm]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
