IBM Corp., Intel Corp. and what remains of AT&T Corp. following last
month's AT&T Broadband merger with Comcast Corp. joined forces with a pair
of venture-capital agencies to launch Cometa Networks, a company providing
wireless-fidelity (Wi-Fi) broadband Internet access nationwide by late 2003.
Cometa will invite cable operators to distribute its high-speed Wi-Fi
transmissions among various public places, including retailers, hotels,
universities and restaurants. At first, the service will be deployed in the top
50 metropolitan areas.
Other distributor targets are telcos, Internet-service providers and wireless
IBM will contribute wireless site installs and back-office functions;
AT&T will oversee network infrastructure and management; and Intel will join
venture-capital agencies Apax Partners Inc. and 3i Group plc to raise Comeda's
The joint venture will set shop in New York and San