Picocell vendor ip.access attracted GBP 8.5m funding from Scottish Equity Partners, Intel Capital and Rothschild & Cie Gestion.
Ip.access manufactures nano or pico base stations for in-building coverage of GSM-networks. This new capital will be used for developing a 3G AP.
The really interesting part is the final sentence of the press release: "It will also help us expand our GSM market, addressing new opportunities, such as those presented by the forthcoming auction of 1800MHz spectrum in the UK."
This auction is bound to bring in new players in the UK, posing a similar threat as WiFi does to current MNOs.