September 22, 2008

NEC Invests in Kineto Wireless

NEC Corporation announced today that NEC will contribute in strategic funding to Kineto Wireless.

“Kineto’s industry-leading FMC solutions enable mobile operators to extend voice and data services over broadband access networks, thus harnessing the power of the Internet to lower service delivery costs while improving mobile coverage and performance,” said Tadatoshi Fujiwara, general manager of NEC’s Mobile Network Solutions Division. “Kineto’s FMC solutions are currently enabling mobile operators around the world to deliver a variety of new revenue generating FMC services, including dual-mode handsets, femtocells, terminal adaptors, softmobile clients and more. We are very excited about this strategic investment, which facilitates NEC’s aim for the leading global femtocell position.”

“Continued strong growth in UMA-based dual-mode handset and terminal adaptor deployments, combined with tremendous operator interest in femtocells, highlight the FMC imperative for mobile operators globally,” said Rick Gilbert, president and CEO of Kineto Wireless. “We are delighted to have the support of a leader in the mobile industry, such as NEC, as we continue to capitalize on our leadership position in the FMC market.”


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