Intel Investment Arm to Buy Stake in Wi-Fi Connections Provider

Telecommunications Mergers & Acquisitions, March, 2004 by Anonymous

Intel Corp's investment arm is planning to purchase a stake in Japan Communications Inc., a Tokyo provider of wireless connections to the Internet and other data networks for companies, a person familiar with the deal said.

The investment will make Intel the fourth-largest shareholder in closely held Japan Communications, and highlights the giant chip-maker's drive to find new ways for mobile computers to access the Internet.

It isn't clear how much Intel will invest in the deal. An official from Intel Capital declined to comment.

Japan Communications is the world's first company to provide a service that lets mobile-computer users connect to the Internet through so-called Wi-Fi connections and using mobile-telephone technology, depending on which format is...

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