Wireless cable operators and other last mile solution providers can expect new faster broadband wireless equipment to hit the market in the next six months. Wavesat Telecom Inc is conducting final beta tests on last mile equipment that can provide bi-directional throughput of about 25 Mbs. The Montreal company recently received $10.3 million in venture financing from a group of investors led by Skypoint Capital Corp of Kanata ON, which will help the seven-year-old firm continue development of future versions of the product.

Unlock all the Canadian telecom, broadcasting and digital media news you need.

Take a free trial or subscribe to The Wire Report now.