VC Investments Rising In Russian WiMax Service Providers

Russians, like many other emerging telecom markets seem to be quite enamored with WiMAX wireless broadband technology. In past three months, three different WiMAX operators have raised close to $75 million in venture investments. The latest to get a bag full of VC cash is MetroMax, that has raised $20 million from Volga One River Capital Partners. Last month, Quadriga Capital Russia invested $15 million in Tascom, after a competitor, Enforta announced a $40 million round from Bessemer Venture Partners. All I have to say is raising $75 million in three months still pales in comparison to the $1.6 billion raised by Clearwire to get its WiMax network running.

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