T-Mobile Unveils Venture Capital Fund to Fuel 5G Innovation
October 21 2020 - 11:04AM
Business Wire
What’s the news: T-Mobile Ventures is a new multi-year
investment fund designed to fuel 5G innovation by backing early and
emerging growth companies developing transformative 5G products and
services for the T-Mobile network.
Why it matters: With the first and only nationwide
Standalone 5G network and a multi-band 5G strategy, now is the time
for entrepreneurs and developers to build the applications and
services that will unleash T-Mobile’s 5G network.
Who it’s for: Early and growth stage companies building
the next big thing in 5G.
T-Mobile (NASDAQ: TMUS) continues its mission to fuel 5G
innovation with today’s announcement of T-Mobile Ventures, a new
multi-year investment fund focused on early and emerging growth
companies developing groundbreaking 5G products and services for
the T-Mobile network.
“T-Mobile Ventures is part of our mission to give customers the
best 5G network in the country – one that will serve all Americans,
stimulate competition and create tremendous economic value,” said
Jason Young, Senior Vice President of Partnerships and T-Mobile
Ventures. “With our 5G network at the foundation, we see massive
opportunity across both business and consumer segments, and we’re
excited to help fuel the wave of 5G applications coming to market
in the years ahead.”
T-Mobile Ventures’ portfolio companies will benefit from
T-Mobile’s network and engineering expertise, go-to-market
infrastructure, and investment backing as they work to develop,
test and bring to market the next big thing in 5G. T-Mobile
Ventures will initially target the development of 5G products and
services in areas such as the following:
- Edge Compute – helping businesses, consumers and developers
achieve faster application response times in distributed cloud and
networking environments
- Security – protecting customers’ networks, devices and
applications from security and privacy threats
- Future of Work – powering a more modern, distributed workforce
through advanced communication and collaboration
- Industrial IoT – connecting people and things at scale with
rapid data collection and processing via connected devices and
sensors
T-Mobile 5G, A Platform for Innovation
T-Mobile, first in the country to launch nationwide 5G and first
in the world to launch Standalone 5G, has the largest 5G network by
far, covering more than 260 million people across nearly 1.4
million square miles. With Sprint now part of T-Mobile, the
Un-carrier is quickly lighting up mid-band 5G with 2.5 GHz spectrum
in more than 200 cities and towns, bringing customers in these
areas average download speeds of 300 Mbps and peak speeds up to 1
Gbps. And with a nationwide Standalone 5G network available in more
than 7,500 cities and towns, now is the time for developers to
build transformative 5G applications. In Standalone 5G areas,
T-Mobile is already seeing up to a 40% improvement in latency
during testing, and that is just the beginning of what can be done
with Standalone 5G.
“Compelling 5G use cases span the range of spectrum bands from
low, mid to high, and only T-Mobile has these assets giving it a 5G
network that can support all use cases across every industry,” said
Neville Ray, President of Technology at T-Mobile. “Now is the time
for the developers, entrepreneurs and creators to make the magic
happen with products and services that will unleash the potential
of our 5G network.”
With its supercharged 5G network as the foundation, T-Mobile is
working to build the 5G ecosystem. The Un-carrier collaborates with
universities and standards bodies to support 5G research and
development. It also runs the award-winning T-Mobile Accelerator
and is a co-founder of the 5G Open Innovation Lab.
T-Mobile Ventures works with corporate venture capital firm
Touchdown Ventures to help manage the fund. For more information
about T-Mobile Ventures, visit www.t-mobile.com/ventures.
Follow T-Mobile’s Official Twitter Newsroom @TMobileNews to stay
up to date with the latest company news.
About T-Mobile
T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged
Un-carrier, delivering an advanced 4G LTE and transformative
nationwide 5G network that will offer reliable connectivity for
all. T-Mobile’s customers benefit from its unmatched combination of
value and quality, unwavering obsession with offering them the best
possible service experience and undisputable drive for disruption
that creates competition and innovation in wireless and beyond.
Based in Bellevue, Wash., T-Mobile provides services through its
subsidiaries and operates its flagship brands, T-Mobile, Metro by
T-Mobile and Sprint. For more information please visit:
http://www.t-mobile.com.
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Media Contacts T-Mobile US, Inc. Media Relations
MediaRelations@t-mobile.com
Investor Relations Contact T-Mobile US, Inc.
investor.relations@t-mobile.com http://investor.t-mobile.com
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