Austar (ASX: AUN) is to lease a portion of its 2.3GHz spectrum licences in regional Victoria to SP AusNet (ASX: SPN), which will build a mobile WiMAX network to provide communications with smart electricity meters it plans to rollout to 680,000 consumers in the next three years.
Victorian power company, SP AusNet, has chosen Motorola Home & Networks Mobility business' mobile broadband technology to power what, according to Motorola, will be the world's first WiMAX-based smart metering network, using Unwired's spectrum.