Financial Times FT.com

Pipex to join Intel in web venture

By Maija Palmer, IT Correspondent

Published: April 4 2006 03:00 | Last updated: April 4 2006 03:00

The availability of wireless internet access across UK cities will be accelerated after Pipex Communications, the Aim-listed telecommunications operator, landed a joint venture with Intel, the world's largest computer chip maker.

The venture will create a new company to roll out Wimax wireless broadband services, with the investment arm Intel Capital putting in $25m (£14m) with a minority stake. In turn, Pipex will control the joint venture and transfer its entire 3.6GHz UK spectrum licence to the new company.

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