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Comcast Invests In a Mobile Wireless Broadband Startup
Comcast, as part of its broader wireless strategy, has made a seed-round investment in a Boston-area startup developing WiMax equipment to provide mobile broadband data, video and voice services.
Cartiza Networks raised $12.6 million in venture-capital funding in 2007, the Boston Business Journal has reported. Investors include Comcast Interactive Capital, Prism VentureWorks and the Business Development Bank of Canada (BDC), according to Prism's Web site.
Founded in late 2006, Cartiza is based in Littleton, Mass., with a Canadian office in the Toronto suburb of Markham, Ontario.
Comcast has not disclosed the size of its investment in the startup, and the company declined to comment on its involvement with Cartiza.
Whatever the amount, though, it's tiny compared with the $1.05 billion the MSO is plowing into a WiMax services venture.
Announced in May, the new joint venture among Comcast, Time Warner Cable, Bright...