Airwalk's AW-32 allows cellular operators the ability to provide reliable, in-building or campus coverage on their licensed frequencies. While the traditional large coverage area cell-sites have satisfied the outdoor and mobile subscribers' needs, these subscribers are now demanding seamless coverage within buildings to support "in the office" cell phone usage.
Worldwide, operators see this as an opportunity to capture increased minutes-of-use as well as enter the enterprise or hot spot market. Recent CDMA technology developments have enhanced this opportunity by offering faster wireless data rates - an area which will improve subscriber usage and enhance operator profitability.
"We believe that reliable coverage and capacity of cellular networks will drive the next round of enterprise and campus networks for the licensed CDMA operators", said Eric Rothfus, Managing Director at TL Ventures and a member of AirWalk's board of directors. "AirWalk is well positioned to take advantage of this market with its unique IP micro base station and controller assembled in one unit."
"Our investment in AirWalk illustrates the tremendous potential for cost-effective radio access products in today's CDMA networks", commented Kevin Lim, managing director at STIC Ventures which runs the KGIF fund. "The team at AirWalk have assembled products that are ahead of the technology curve and are poised for growth in the next generation networks."
Serge Pequeux, CEO of AirWalk said, "This investment allows us to accelerate our aggressive plan and to expand our reach in the enterprise space while increasing revenues for the wireless operators. The confidence shown by the investment community, especially in today's telecom environment, speaks volumes about the resurgence of the wireless infrastructure market and our model for providing cost effective radio access alternatives."
AirWalk Communications Inc. is a CDMA Radio Access Network developer addressing hotspots, blind spots and in-building/campus networks. For more information visit www.airwalkcom.com.
About TL Ventures
TL Ventures is investing its sixth venture fund since 1988. With over $1.4 billion under management. www.tlventures.com.
About Korean Global IT Fund
Korean Global IT Fund focuses on the IT sector and communications technology investments managing over $100m through KDB Capital, STIC Ventures and SFKT (Israel).