Speakeasy receives funding from Intel in order to investigate the since-abandoned WiMax technology.
Internet provider reports new funding
SEATTLE — Speakeasy, a Seattle-based high-speed Internet provider, said it has received funding for wireless projects from the Intel Communications Fund, which is managed by Intel Capital. The company would not say how much funding it received.
The money will be used to expand network activities related to a new wireless technology known as WiMax, Speakeasy said. WiMax is a wireless-communications standard that could expand wireless high-speed networks to up to 30 miles, the company said. Speakeasy said it plans to deploy wireless high-speed networks in 2005 that support WiMax technology.