Sprint Nextel Leads New Investment in IPWireless

Reston, VA, and San Bruno, CA, January 18, 2006 - Sprint Nextel has made an additional $10 million strategic investment in IPWireless the companies announced today. In July of 2005, Sprint made its initial investment of $4 million in IPWireless.

Sprint Nextel is currently trialing IPWireless' UMTS TD-CDMA technology in the Washington, D.C. area for broadband access for laptops, desktops or PDAs; backhaul for enterprise campus; and a wide array of Wireless Interactive Multimedia Services such as video-streaming, online gaming, document collaboration and video-conferencing.

"Sprint Nextel is committed to evaluating and supporting the best next generation technologies available to deliver cutting-edge services for our customers," said Barry West, chief technology officer at Sprint Nextel. "We believe that UMTS TD-CDMA technology holds great promise as a next generation platform for operators globally, especially for both Mobile Broadband and Mobile TV applications, and we are pleased to make this additional investment."

IPWireless has raised more than $200 million since its founding in 1999, with lead backers including Bay Partners, DCM - Doll Capital Management, Gabriel Venture Partners, GIC Special Investments, J.F. Shea Venture Capital, and Oak Hill Capital Management.

About IPWireless
IPWireless develops advanced next generation mobile broadband and multimedia technology based on global standards. The company's TD-CDMA technology has emerged as a leading global standard for wireless broadband, allowing operators to offer a spectrum of completely mobile, portable, or stationary end-to-end packet-based services with unmatched economics and performance. TD-CDMA has the highest average sector capacity, the strongest cell edge performance, and the lowest cost per megabit of any standards-based mobile technology available today, and is deployed by leading operators around the world including announced initiatives with T-Mobile, Orange, Sprint, and PCCW. The IPWireless Partner Program and chipsets allow device manufacturers and infrastructure vendors to very quickly bring innovative new TD-CDMA solutions to market. For more information, visit the company's Web site at www.ipwireless.com

About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. For more information, visit www.sprint.com/mr.

For further press information contact:

IPWireless
Madelyn Smith Orfitelli
(703) 548-3738
msmith@ipwireless.com

Sprint Nextel
James Fisher
(202) 585-1947
james.w.fisher@sprint.com


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