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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