Intel Capital invests in FREEDOM4 to Accelerate the Deployment of WiMAX Networks in the U.K.

LONDON – Feb. 11, 2008 – Intel Capital, Intel Corporation's global investment organization, today announced that it has signed an agreement to make a substantial investment in U.K. based FREEDOM4 Limited ("FREEDOM4"), formerly known as Pipex Wireless Limited. Pipex Communications PLC will also join Intel Capital in this investment. Intel Corporation and Freedom4 will collaborate to accelerate the deployment of WiMAX networks in the U.K. in an effort to enable lower cost and truly mobile broadband technology. This latest investment from Intel Capital and Pipex Communications, a major U.K. based telecommunications provider, follows FREEDOM4's successful WiMAX trials in the U.K.

FREEDOM4 is a pioneer in WiMAX services with broad spectrum assets, which will enable the deployment of WiMAX across the U.K. WiMAX services provided by FREEDOM4 aim to make personal wireless broadband available to both businesses and consumers at affordable prices. WiMAX represents the future of mobile broadband and Intel Capital, along with tremendous support from a worldwide ecosystem, is a leading global investor in WiMAX technology.

"Intel Capital is a major investor in WiMAX technology and is committed to accelerating the deployment of open-standards mobile broadband around the world," said Arvind Sodhani, president of Intel Capital. "FREEDOM4 has built a top-notch management team and this is a strategic investment opportunity through which we can help facilitate the deployment of wireless broadband in the U.K market."

Mike Read, CEO, FREEDOM4 adds, “Following the success of the commercial launch of our services in Milton Keynes, we are in the next phase of our development: making FREEDOM4 the market leader in ‘personal’ wireless broadband access. The investment from Intel Capital and Pipex Communications will facilitate the roll out of a WiMAX network in other cities around the U.K., providing a truly flexible service to businesses and consumers."

Delivering Mobile WiMAX
Intel is a leader in driving the development and deployment of WiMAX, a new wireless broadband technology that delivers "broadband on the go." Mobile WiMAX, based on the IEEE 802.16e industry specification, is a mobile broadband wireless technology that provides low-cost, multi-megabit speed and increased throughput for accessing large amounts of data such as movies and multimedia content. Intel’s integrated Wi-Fi/WiMAX module (codenamed "Echo Peak") will debut in certain next-generation Intel® Centrino® processor-based laptops (codenamed "Montevina") beginning in the middle of the year. The company's low-power mobile WiMAX silicon specifically designed for mobile Internet and consumer electronic devices (codenamed "Baxter Peak") will also be available this year.

About FREEDOM4
FREEDOM4, a joint venture between Pipex Communications and Intel Capital, is a provider of personal wireless broadband services without boundaries. With a national license to deploy WiMAX services in the 3.6 GHz band, FREEDOM4 is working closely with businesses and local authorities to build the necessary infrastructure to provide broadband wireless internet access across the UK.

FREEDOM4 has partnerships with some of the leading names in wireless technologies and telecommunications, including Intel Corporation, Airspan Networks, Nokia Siemens Networks, Ericsson, and National Grid Wireless to provide WiMAX services to nomadic workers, businesses and SOHOs via a scalable and resilient network. For further information, visit www.freedom4.com.