WiMAX, or Worldwide Interoperability for Microwave Access, is a telecommunications technology providing wireless data transmission with speeds up to 75 mb/s based on the IEEE 802.16 standard. It aims to unify fixed, nomadic, and mobile broadband services, though challenges such as spectrum allocation and interoperability exist. WiMAX has growing applications in rural and urban areas, with potential benefits for high-speed internet access and economies of scale for various operators.