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India's Reliance funds U.S. wireless comms firm

Posted: 07 Dec 2007 ?? ?Print Version ?Bookmark and Share

Keywords:venture capital funds? E-Band Communications? multigigabit wireless communication?

The Reliance ADA Group of India, through it's venture capital arm Reliance Technology Ventures Ltd, has invested an undisclosed amount of funds in E-Band Communications Corp., a U.S.-based designer and manufacturer of multigigabit wireless communication systems.

The Reliance funds are part of a Series B funding round for E-Band, which builds wireless equipment for the 71- to 86GHz millimeter wave band using highly integrated microwave monolithic integrated circuit technology Other investors includes an undisclosed U.S. telecom company, Investec and Hercules Technology Growth Capital. "E-Band provides wireless last-mile access and backhaul, which is complementary to 4G, WiMax, distributed antenna systems and remote radio heads," said Harshal J. Shah, chief executive of Reliance Technology Ventures.

Another Reliance company, Reliance Communications, is India's largest CDMA-based wireless phone services provider. It is now moving into GSM-based services, hence the E-Band investment may be linked to Reliance Communications' plans.

Reliance said E-Band's technology enables wireless transmission speeds up to 10Gbit/s. E-Band has a license to co-develop communication systems around the 71- to 86GHz millimeter-wave radio technology along with Northrop Grumman Corp.

- K.C. Krishnadas
EE Times

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