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STOCKHOLM, Sweden (AP) - Intel is diving deeper into the cellular business by becoming one of the winners in Sweden's auction of licenses for nationwide wireless broadband.
The Santa Clara-based chipmaker has paid $26 million for a 15-year license it intends to use for WiMax.
Having developed the WiMax technology, Intel is promoting it to compete with more traditional cellular technologies developed by the telecom industry.
The company stands to gain from sales of WiMax-enabled computer chips for a wide range of consumer products.
The Swedish licensing deal comes after Intel announced yesterday that it will contribute $1 billion to a venture that will combine Sprint Nextel's WiMax division with Clearwire.
The joint venture plans a U.S.-wide network. |
