KEY POINTS:
Broadband spectrum bidder Woosh Wireless says it can get on with plans to further develop its nationwide wireless network.
The company - which is rolling out a wireless network in Auckland, Christchurch, Wellington and Southland - says it won enough spectrum in a government auction yesterday to firm up its strategy for a Wi-max network.
Wi-max allows mobile users to access the internet and email. The company has radio spectrum which could be used to deliver TV.
"In the future there will be a need for more spectrum to offer robust, cost effective services and I'm hopeful the Government will consider that prior to 2012 when the spectrum caps are removed," Woosh chief executive Kevin Wiley said.
Mr Wiley said Woosh wanted to bring "proven and mature technology to the New Zealand market around the end of this decade".
In January, Woosh posted a net $24 million annual loss for the year to June, up from $21.8 million previously, but believed it will break even around June this year.
Its major shareholders include Kuwait Finance House, United States-based Clarity Partners, Todd Capital and The Warehouse founder Stephen Tindall.
- NZPA
