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Tech Giant Cisco Will Buy WiMax Firm for $330M

Navini's technology will enable widespread 3rd world internet access

By Nick McMaster,  Newser Staff

Posted Oct 24, 2007 2:53 PM CDT

(Newser) – Cisco Systems announced yesterday that it will purchase WiMax innovator Navini Networks for $330 million in cash and stock, Fortune reports. WiMax is similar to existing wireless technology except that its signals can be received by computers up to five miles away. Cisco's acquisition represents...   Read full story »

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