Unwired Australia To Receive Aud$37 Million Investment From Intel Capital

Subject: General Tech | August 25, 2005 - 03:50 PM |
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SYDNEY, Australia, Aug. 24, 2005 — Unwired Australia, a wireless broadband carrier, and Intel Corporation announced today that Intel Capital has agreed to invest in secured convertible notes issued by Unwired with a face value of AUD$37 million (approximately US$27.9 million at present exchange rates). The investment is part of the companies' efforts to advance the deployment of WiMAX networks.

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