KERRY STOKES' Seven Network is moving into Australia's booming...

KERRY STOKES' Seven Network is moving into Australia's booming $1.5 billion broadband market using wireless technology.

By taking a stake of at least 10 per cent in listed wireless internet player Unwired through Seven's telco investment vehicle Engin, the cashed-up media group, flush from the sale of 50 per cent of its television and magazine assets to private equity group KKR last year, is also in talks with Austar about purchasing its licensed wireless spectrum or creating a joint venture with the regional pay-TV outfit.

Austar and Unwired own spectrum in the 2.3Ghz and 3.5Ghz bands that is being developed for Wi-MAX wireless broadband.