Seven finishing Unwired review

Seven finishing Unwired review

Summary: Broadcaster the Seven Network today said it was nearing the end of a review of the technical capabilities of the WiMax network it picked up with its recent acquisition of local wireless internet service provider Unwired.

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Broadcaster the Seven Network today said it was nearing the end of a review of the technical capabilities of the WiMax network it picked up with its recent acquisition of local wireless internet service provider Unwired.

"Review of WiMax technical capability nearly completed, funding options still to be addressed," said a point in Seven's presentation on Unwired to analysts carried out after the release of the company's preliminary financial results today.

Seven finally swallowed Unwired last December, availing itself of a swathe of licensed wireless spectrum as well as nabbing itself a content delivery system.

"Despite delays in the certification of the technology to date, we believe in the potential of WiMax as a mobile broadband solution and as an efficient platform for delivering content solutions in multicast and broadcast environments," Seven CEO Kerry Stokes said in a statement at the time.

However, Seven's purchase of Unwired last November hasn't paid any dividends this year according to the company's preliminary final report, with Unwired contributing a $15.6 million loss to the consolidated result for the period of 15 November 2007 to 28 June 2008 that it was with the group. Unwired's reported revenues were $22 million.

Some of the loss was attributed to depreciation of the wireless spectrum licences. The spectrum has been licensed by the government for 15 years ending August 2015.

Topics: Browser, Broadband, Networking, Telcos, Tech Industry, Wi-Fi

Suzanne Tindal

About Suzanne Tindal

Suzanne Tindal cut her teeth at ZDNet.com.au as the site's telecommunications reporter, a role that saw her break some of the biggest stories associated with the National Broadband Network process. She then turned her attention to all matters in government and corporate ICT circles. Now she's taking on the whole gamut as news editor for the site.

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3 comments
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  • Wireless

    Ah well, Unwired was good while it lasted.

    Channel 7b will completely screw it up, just like they did the Olympics coverage.
    anonymous
  • yo

    well i am suprised seven wasted money on unwired in the first place. Wimax is never going to be a succesfull delivery scheme for multicast traffic? i dont understand how they plant to use this spectrum by 2015 ? what to deliver movies on demand to their Tivo boxes ? how is that going to make money over cable ? is their enough revenue in that to build a nation wide wimax network ???? Big mistake CH7
    anonymous
  • wwwhhat?

    yo wrote "Wimax is never going to be a succesfull delivery scheme for multicast traffic? "

    what do you know about WiMAX? What do you think it was developed for? These questions are asked as you don't seem to know what you are talking about!!!

    RE Bigmistake CH7

    Everyone agrees there, but for different reasons. WiMAX is more for ISPs not a TV braodcaster's realm
    anonymous