Communications group Imagine has bought telecoms company Clearwire's Irish business. The financial terms of the deal were not disclosed.
Imagine said it would use Clearwire's existing infrastructure to continue a €100m programme to roll out its high-speed wireless network WiMax, which it says will provide an alternative to cable and DSL broadband.
Imagine said it would now have nearly 400 sites across the country to facilitate the development of the WiMax network. The company is aiming for the WiMax network - which it says will be an alternative to Eircom's - to cover 90% of the country within two years.
As part of the deal, Clearwire will become a minority shareholder in Imagine and will nominate a representative to the board.
