WiMax industry hoping for economic stimulus boost | Markets | Markets News | Reuters

AMSTERDAM, June 3 (Reuters) - Companies working on Wimax high-speed mobile data technology are hoping government stimulus packages inject billions of dollars into wireless broadband, boosting take-up of the new technology.

WiMax has been competing for the status of next generation mobile technology, but has largely lost the battle to Long Term Evolution (LTE), which has become mobile operators' favoured solution as it can be bolted on to existing systems...