Intel likely to make equity investment in WiMAX licensee Vmax, says paper

Intel is likely to contribute an equity investment of NT$500 million (US$15.4 million) in Taiwan-based WiMAX licensee Vmax Telecom, according to a Chinese-language Commercial Times report.

Vmax's board of directors on October 6 approved a plan to increase the company's capital from NT$1 billion to NT$2 billion, paving the way for Intel to inject its capital into Vmax, the paper added.

The paper also quoted Vmax chairman CK Liu as saying that Vmax aims to kick off its WiMAX services in the first quarter of 2009 and hopes to solicit a total of 80,000 subscribers by year-end 2009.

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