WiMax-friendly ISP Unwired has sent a letter to shareholders advising they accept broadcaster Seven's up to AU$127 million takeover bid for the company.
Communications Minister Helen Coonan has hit back at Telstra, accusing the telco of sour grapes, after it announced it had filed suit against her over its failed bid for some AU$1 billion of WiMax funding.
The bulk of shareholders in ASX-listed Unwired are yet to respond to Seven's proposed takeover of the wireless company, with only 21 percent of shareholders accepting the AU$127 million deal to date.
After months of wrangling and shareholder protests, Seven has finally closed the book on its acquisition of wireless ISP Unwired.
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.
Sprint's WiMAX roll-out in Baltimore will prove the Australian government's decision to worm its way out of the Opel WiMAX contract was a short-sighted, and ultimately damaging, political stunt that has benefited nobody.
With the OPEL bid cancelled and procedural questions dogging the FTTN bid, Australia is currently in something of a technological limbo.
South Australia's Yorke Peninsula with just 11,780 people spread across 5,834 square kilometres, is known more for its rugged natural beauty than its technological prowess. But now that Internode has brought broadband to the entire peninsula, the area has become a very important part of Australia's telegeography.
In the broadband war, it seems, everyone has an opinion and those with a vested interest are playing fast and loose with the truth.
The world of speculative telecommunications investments has quieted down considerably since the beginning of the decade, when hype-fuelled carriers plunked down billions to reserve the right to carry mobile phone calls, video calls, and massive volumes of spam at high speed using then-fanciful 3G mobile technology.
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.
When the government announced that Optus and Elders had won the bid to build Australia's bush broadband network, it provoked jeers and plaudits alike, but it was the ISPs' choice of WiMax as the bearer technology that has provoked the most furious storm of argument. Just how will the technology stand up to life in the bush?
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