Google invests in Ubiquisys

Ubiquisys an Oxford based company have developed a 3G femtocell (known as Zonegate) using Picochip technology.

Google have invested around $10m of their $25m B round financing.

Google have also said they are looking at investing $4.6bn in the 700MHz wireless auction in the US (if the FCC holds the auction in a manner they consider fair).

It wouldn't be suprising if Google put money into the UK 2.5GHz auction that will happen next year, they may well also invest in a UK GSM Guard band license holder.

It seems Google believe licensed spectrum is the way forwards and are implementing that strategy.