News Articles

Thursday, June 17, 2010

Daisy Group sells its UK WiMAX business

Daisy Group has taken a break from buying UK telecoms businesses – most recently Fone Logistics – to sell its Freedom4 WiMAX business for £12.5 million.

Freedom4, which was formerly known as Pipex, had a 3.6GHz WiMAX licence for the UK. Rival WiMAX service provider UK Broadband, owned by Hong Kong-based PCCW, has now bought the spectrum.

Daisy said the WiMAX licence sale would save it £800,000 per year, while closing Freedom4 would save an additional £1 million annually.

[Sources: Telecoms.com; Cellular-News.com]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: NewsNumber of views: 1601

Tags:

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«November 2024»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678

Archive

Terms Of Use | Privacy Statement