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Spectrum Wireless owns part of the 2.5Ghz spectrum, is estimated to be worth around $AUD 6.5 billion, funds which Spectrum would then use to continue its hardware manufacturing businesses for both LTE (long term evolution, or 4G technology), and WiMAX.

This sale comes hot on the heels of the recently killed-off Australian WiMAX network, which was an estimated AUD $1 billion proposal to help fund a national WiMAX network that could eventually have covered a large part of the continent.

Spectrum Wireless says it has a WiMAX chip which can seamlessly switch between all three WiMAX spectrum ranges the company held – 2.5, 2.3 and 1.7/2.1Ghz, which it will now sell to OEMs.