The financial pressures at Australian ISP Unwired are growing. After Unwired declared last week that the credit crunch had increased the cost of its planned mobileWiMAX network in Australia’s main cities by between A$20m and A$30m, the NSW Federal Court has now ordered the company to pay back to Intel the US chip giant’s original A$37.5m investment in Unwired plus a further A$18.5m.
News has surfaced in Australia that Unwired, a wireless broadband provider in Sydney and Melbourne, is struggling to find enough cash to pay for its planned nationwide mobile WiMAX network. According to an interview given by David Spence, Unwired CEO, the projected cost of mobile WiMAX rollout, which was estimated at A$200m last year, has […]
News has surfaced in Australia that Unwired, a wireless broadband provider in Sydney and Melbourne, is struggling to find enough cash to pay for its planned nationwide mobile WiMAX network. According to reports, the projected cost of Unwired’s mobile WiMAX rollout, which was estimated at A$200m last year, has gone up by 10-15 percent in […]
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