SYDNEY (WiMAX Day). Australian WiMAX operator Unwired reported today that it secured an AU$15 million stand-by credit facility from US-based Cornell Capital Partners. The facility will help Unwired in its migration to mobile WiMAX.

Unwired CEO David Spence said in a press release, “with these funding facilities in place, the Company is ready for any regional network build under its AUSalliance agreement and network transition to mobile WiMAX. This transition ensures our network and our business are WiMAX ready when laptops and other mobile devices with mobile WiMAX chips become commercially available in early 2008.”

The credit facility will also release another AU$5 million investment from Mitsui & Co, bringing the total funds raised since September 2005 to AU$25.4 million, which is in addition to the AU$37 million invested by Intel in August 2005.