IPWireless has been developing 3GPP TDD UMTS standards, which could underpin a new generation of mobile TV and wireless broadband public-safety networks. The company’s TD-CDMA mobile broadband technology was recently selected by New York City as part of the deployment of a citywide, public-safety wireless network.
IPWireless’ TDtv solution, based on 3GPP Multimedia Broadcast Multicast Service (MBMS), allows UMTS system operators to deliver mobile television and other multimedia services using existing 3G spectrum and networks.
NextWave will pay approximately $100 million at closing. About $25 million of the total will be in cash and $75 million in NextWave common stock. Additional consideration of up to $135 million will be paid based on the achievement of certain revenue milestones through the end of 2009.
“IPWireless and NextWave will work together to expand IPWireless' product portfolio to incorporate WiMAX and/or Wi-Fi technologies for those service providers and equipment vendors that require such solutions,” said Allen Salmasi, chairman and chief executive officer of NextWave Wireless.
Earlier this year, NextWave paid over $13 million for GO Networks, a company with a proprietary Wi-Fi transmission system.