Broadcaster Seven Network has made an off-market cash bid of up to AU$127 million to acquire Unwired in a move designed to guarantee access to a national wireless network.
Media company Seven's plan to acquire WiMax spectrum-holders Unwired appears to have been a success, with Seven's various holding companies now holding over 50 percent of Unwired shares.
Broadcaster Seven has secured over 90 percent ownership of WiMAX spectrum holder Unwired, and will now proceed to compulsorily acquire the remaining shares in the company.
Diversified services group Elders has backed its recent entry into the telecommunications sector with a new deal with the nation's number two telco Optus.
Unwired CEO, David Spence, has urged Australia's communications regulators to protect a tranche of prime wireless broadband spectrum due to be auctioned September from anti-competitive behaviour by existing carriers.
With the OPEL bid cancelled and procedural questions dogging the FTTN bid, Australia is currently in something of a technological limbo.
Unwired CEO, David Spence, has urged Australia's communications regulators to protect a tranche of prime wireless broadband spectrum due to be auctioned September from anti-competitive behaviour by existing carriers.
WiMax, the controversial long range wireless broadband technology, is set to spread across rural Australia from next year -- but despite the outgoing Howard government's ambitious project, both fixed and mobile variants of the technology are already being deployed around the world.
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