Saturday, July 21, 2007

VentureBeat » Google earmarks $4.6 billion for wireless bid, backs Ubiquisys

 Apparently not in a rush to curtail spending...

Google, seeking to extend Internet access to more people, which helps it make more money from its own services, made two big wireless announcements today.

It said it will bid at least $4.6 billion in an upcoming up-coming auction to operate a part of the wireless spectrum.

It also said it is leading a $25 million investment into a U.K company, Ubiquisys, which is developing hardware that lets cell phones run on home WiFi networks. In other words, it helps carriers move some of their data traffic away from their own cellular network, onto a home’s local area network, or the so-called “edge.”

VentureBeat » Google earmarks $4.6 billion for wireless bid, backs Ubiquisys

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