WiMAX provider WiNetworks sets up shop in Brazil

18 Mar 2008

Israel-based WiMAX services provider WiNetworks has set up a commercial base in Brazil, writes BNamericas citing a report from Telecom Online. It is understood the new venture will be headed up by Gil Cremer, former director of US wireless infrastructure supplier Airspan Networks, who will assume responsibility for the Israeli firm’s expansion in Latin America. The service provider has timed its entry to coincide with the forthcoming auction of 3.5GHz WiMAX spectrum in Brazil. WiNetworks is backed by two US private pension funds, Columbia Capital and RHO Private Equity, as well as Israel’s Cedar Fund and Evergreen Venture.