Personal Broadband Australia Secures Funding for Wireless Rollout

Personal Broadband Australia (PBBA) secured second round funding of AU$12m (US$9.4m) to enable continued rollout of its broadband wireless network along Australia's eastern seaboard. The new funding has been provided by existing Australian shareholder, Jim Cooney -- making the company majority Australian-owned. Additional shareholders include Mitsubishi Corporation Japan, Kyocera Corporation Japan, Mitsubishi Australia, and ArrayComm.


Personal Broadband Australia uses ArrayComm's iBurst broadband wireless technology. At present, PBBA has a network in Sydney covering more than 100 sq km in the inner metro areas; with a base station roll-out plan to more than triple the coverage over the next six months. http://www.pbba.com.auhttp://www.arraycomm.com