News Archive

2000

February 1st, 2000
Quaker Capital Partners I, LP, an investment partnership managed by Quaker Capital Management Corp., its investors and WinBeam management provide $4.275 million in initial venture capital funding to WinBeam. Quaker Capital Management Corp., a Pittsburgh based investment manager with extensive investment experience in MMDS and fixed wireless technologies, agreed to provide a $3.75 million irrevocable equity line of credit to WinBeam. One of Quaker's investors, its employees and the founding consulting operators of also co-invested, bringing the total committed equity funds to $4.275 million. Quaker Capital management formerly held positions in American Telecasting, Wireless One, CS Wireless and CAI Wireless before all were acquired by Sprint or Worldcom. Quaker currently is one of the largest shareholders in Nucentrix Broadband Networks, Inc. Nucentrix is the only pure play publicly held MMDS company. It holds spectrum passing approximately 9 million households, predominately in the southwest.