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Intel Capital extends WiMAX investments worldwide
   
   

 
   
SANTA CLARA, Calif., May 22, 2006 – Intel Capital, the venture capital investment arm of Intel Corporation, today announced the signing of two WiMAX (Wireless Interoperability for Microwave Access) agreements. The first is for an investment in Orascom Telecom WiMAX Limited, a joint venture with Orascom Telecom of Egypt, and the second is for an investment in Worldmax, a joint venture with Enertel Holding of the Netherlands. Both investments are expected to be completed following the fulfillment and satisfaction of certain condition precedents and the receipt of various approvals.

The deals underscore Intel Capital’s continuing commitment to the deployment of low-cost broadband Internet access through WiMAX networks around the world. Orascom Telecom WiMAX Limited is also the first investment from the Intel Capital Middle East and Turkey Fund announced last November.

The deals are both collaborations between Intel Capital and established telecommunications companies, who bring significant experience of network deployment, marketing and operations to the newly formed joint ventures. Orascom TelecomWiMAX Limited will focus its efforts on working with governments and companies throughout the Middle East and parts of Asia to obtain suitable spectrum licenses for the deployment of WiMAX services. Worldmax is targeting the deployment of WiMAX services in the Netherlands. In addition to funding and personnel, Enertel is also contributing an existing 80 MHz spectrum license to support this new joint venture.

The new companies will be majority-owned by Orascom Telecom of Egypt and Enertel Holding respectively, with Intel Capital as the lead investor. Intel Capital will also provide access to the significant technical and marketing resources of Intel Corporation.

“Intel Capital is a leader in promoting the deployment of low-cost WiMAX based Internet access,” said Arvind Sodhani, president of Intel Capital. “These latest agreements build on the foundation of existing Intel Capital investments to bring the benefits of low-cost, high-bandwidth broadband Internet access to consumers around the world and support the vision of the World Ahead program that Intel CEO Paul Otellini outlined earlier this month at the World Congress on Information Technology.”

Over the past year, Intel Capital has announced investments in a number of WiMAX and wireless broadband service providers around the world including: PIPEX Wireless in the United Kingdom, DBD in Germany, Unwired Australia, Neovia in Brazil and MVSNet in Mexico. Intel Capital has also been active in supporting WiMAX infrastructure development through investments in Navini Networks, a provider of WiMAX basestations and modems, and Beceem Communications, a provider of mobile WiMAX chipsets.

“We see the creation of this new wireless service provider as an incredible opportunity to provide new services to major cities in the Netherlands,” said Cees Meeuwis, Enertel executive chairman. “Worldmax will offer wireless access and services through a wholesale relationship with a number of resale channels in the Dutch market. This wireless broadband access service will uniquely complement the existing fixed-line broadband access services already offered in the Netherlands.”

“Orascom Telecom WiMAX Limited is an exciting first step towards bringing the advantages and opportunity of Internet connectivity to the people of the Middle East, and beyond, many of whom have never had such an opportunity before,” said Franco Grimaldi, CEO of Orascom. “Together with Intel Capital, we will work closely with governments and companies in the Middle East and Asia to make this vision a reality.”

About Intel Capital

Intel Capital, Intel’s venture capital organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$4 billion in more than 1,000 companies spanning more than 30 countries. During this time, about 160 portfolio companies have been acquired and another 150 have gone public on exchanges around the world. In 2005, Intel Capital invested about US$265 million in about 140 deals with approximately 60 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.

About Enertel Holding

Enertel N. V. is wholly owned by Enertel Holding. Since its inception in 1996, Enertel has developed as a carriers-carrier operator in the Netherlands and has evolved into a wholesale telecom operator servicing the majority of all alternative ISPs. Enertel also provides a variety of data and IP services directly to the corporate customer segment. Enertel exploits its own infrastructure. This infrastructure consists of national and metropolitan fiber rings, a nationwide 3.5 GHz spectrum license, and an advanced data center. Enertel Holding is owned by Greenfield Capital Partners and its management.

About Orascom Telecom

Orascom Telecom Holding S.A.E. (“Orascom Telecom” or “OTH”) is a leading international telecommunications company operating GSM networks in seven high growth markets in the Middle East, Africa and South Asia. It has a total population under license of approximately 460 million with an average mobile telephony penetration of approximately 14 percent. Orascom Telecom operates GSM networks in Algeria (“Djezzy”), Pakistan (“Mobilink”), Egypt (“MobiNil”), Tunisia (“Tunisiana”), Iraq (“IraQna”), Bangladesh (“Banglalink”), and Zimbabwe (“Telecel Zimbabwe”). Orascom Telecom had over 30 million subscribers as of December 31, 2005. Orascom Telecom also owns 19.3 percent of Hutchison Telecommunications International Limited, a leading telecommunication services provider operating in eight countries.

Orascom Telecom is traded on the Cairo & Alexandria Stock Exchange under the symbol (ORTE.CA, ORAT EY), and on the London Stock Exchange its GDR is traded under the symbol (ORTEq.L, OTLD LI).

Intel and the Intel logo are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries. * Other names and brands may be claimed as the property of others.
   
 

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