SAN DIEGO (WiMAX Day). The innovative mobile broadband and wireless multimedia technologies company NextWave Wireless raised US$ 355 million this week through a private placement of 355,000 shares. Participation in the placement included investments of $50 million each from NextWave Wireless chairman and CEO, Allen Salmasi, and from Douglas Manchester, a member of the NextWave Wireless board of directors. “We intend to use the proceeds from this transaction to accelerate the commercialisation of our next-generation family of multi-band, integrated WiMAX and WiFi semiconductor products and network components, and to support strategic initiatives to further strengthen our position in the wireless broadband industry,” Salmasi stated in a press release.