WiMax Adopted as a Worldwide 3G Standard

Implications: This is a significant milestone in the business sense.  So far, Wimax had been viewed as a threat to the incumbents from the left field.  With this approval by ITU, it begins to legitimize WiMax among the cellular incumbents.

Analysis:  This approach will entice more and more vendors to think about a strategy around Wimax and some of them may decide to jump onto the WiMax band wagon.  Therefore, it accelarates the maturizatoin of the Wimax ecosystem.  In turn, it encourages operators to consider WiMax as a viable alternative to 4G given the fact that 4G is still far out (beyond 2010).