Cisco is reported to be on the verge of closing a deal to buy a WiMAX base station vendor called Navini Networks.
A news report at Unstrung.com cited two industry sources, one named, for the pending deal. The report quoted a venture capitalist as saying that Cisco would be willing to fork over between US$200 million and $230 million for Navini, giving the network giant a foothold in the emerging global WiMAX wireless broadband market.
Earlier rumors had indicated Cisco’s interest in a flock of young WiMAX infrastructure vendors, which are wooing carriers worldwide in an effort to roll out fixed and mobile WiMAX nets. Late in September, rumors surfaced that Cisco was looking at Alvarion, Aperto Networks, and Redline Communications, as well as Navini, all with established products and a number of deployments.
Navini, based in Richardson, Texas was founded by Silicon Valley entrepreneur Wu-Fu Chen and radio frequency expert Guanghan Xu. The company has reaped some US$160 million in venture backing as it developed and brought to market its RipWave MX line of mobile WiMAX base stations, customer premises equipment, and adapters. A particular feature is the company’s patented beamforming technology that can shape and direct WiMAX radio waves, boosting range and performance.