iBurst has secured funding to roll out an LTE Advanced (LTE-A) network, and is finalising contract negotiations with a vendor for the project.
This is according to Duncan Simpson-Craib, CEO of the new combined Multisource/WBS Group.
In November, Multisource completed its acquisition of WBS – the parent company of iBurst and Broadlink.
At the time, Multisource said it was planning to “develop the existing businesses and network to leverage the valuable spectrum licence that WBS holds”.
Simpson-Craib told MyBroadband they will leverage their existing infrastructure – which means they will, at a minimum, replicate their existing iBurst coverage with the new LTE-A network.
An announcement regarding the vendor for the project is expected in early 2016.
Rolling out a network is capital intensive, and Simpson-Craib said initial funding has been secured as part of the acquisition.
“Various options are being investigated should further funding be necessary,” said Simpson-Craib.
The company will use its LTE-A network to serve its existing iBurst Wireless subscribers, and attract new customers to the company.