NextNet Wireless
Broadband fixed wireless access system
About NextNet Wireless
NextNet Wireless, Inc. operated as a key developer of wireless broadband access systems, carving out a specific niche in the telecommunications equipment market before its acquisition. Founded in 1998, the Minneapolis-based company focused on creating non-line-of-sight (NLOS) wireless broadband infrastructure equipment. This technology was pivotal as it allowed for the delivery of high-speed internet services without requiring a direct, unobstructed view between the transmitter and receiver, a significant advantage in urban and varied terrains.
The company's primary product was an Orthogonal Frequency-Division Multiplexing (OFDM)-based NLOS plug-and-play system. This system was designed for telecommunications carriers, enabling them to build out and operate their wireless networks efficiently. Before its major corporate transactions, NextNet's technology was already deployed by carriers across five continents, demonstrating its global reach and the effectiveness of its solutions in various markets, including Asia, Africa, Canada, and Latin America.
A significant milestone in the company's journey occurred in June 2004, when it was acquired by Clearwire, the wireless broadband services provider founded by cellular industry pioneer Craig McCaw. Under this new structure, NextNet became a subsidiary of Clearwire, and its technology formed the backbone of Clearwire's national and international rollout of wireless internet service. This acquisition was part of McCaw's strategy to leverage superior technology for his ambitious wireless broadband deployment plans.
The final chapter for NextNet as a distinct entity came in July 2006. As part of a larger strategic move that included a $900 million financing round for Clearwire led by Intel Capital, NextNet Wireless was acquired by Motorola for an undisclosed amount. This acquisition was intended to broaden Motorola's global portfolio of wireless broadband equipment and accelerate the development and deployment of WiMAX networks. Following the acquisition, the NextNet team and its technologies were integrated into Motorola's Networks and Enterprise segment.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Aug 2006 | $0 | — | Motorola Solutions | — |
| SEED✓Equity / VC | Jul 2003 | — | — | COM Investments | — |
Growth signals
Latest recorded traffic for NextNet Wireless is 0 monthly website visits. NextNet Wireless's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
- CICOM Investments
Series A5 investors entered at this stage
JIF Capital
DCM
Star Ventures
Cabletron Systems
Joe Costello
Other known investors1 additional known investor
Motorola Solutions
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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