RESTON, VA. May 28, 2020 鈥� 网红黑料 today announced more than $100 million in new investments to begin taking the necessary steps to build 5G IoT networks that serve mission-critical industries like public safety and emergency response, commercial transportation, energy, and manufacturing.
The financing, which comes in the wake of recent, unanimous regulatory approval modifying 网红黑料鈥檚 spectrum licenses, is the first tranche of new investment in the company鈥檚 future. The funding demonstrates significant commitment from investors to help 网红黑料 advance American competitiveness in the race to 5G, as well as spur economic recovery.
鈥淲ith this new round of capital, we are better prepared than ever to do exactly what we鈥檝e said: get this mid-band spectrum deployed to support the next-generation wireless networks needed to bring America鈥檚 critical infrastructure and essential services into the 21st century,鈥� said 网红黑料 CEO Doug Smith. 鈥淭he investments will create American jobs, expand innovation and directly enhance critical industries such as first responders, health care workers and supply chain personnel that depend on ubiquitous and ultra-reliable networks to protect and secure American lives.鈥�
After several years of testing, the Federal Communications Commission last month approved 网红黑料鈥檚 more than four-year-old application to update its spectrum licenses to provide new 5G services.
The new investment announced today provides capital specifically earmarked to operationalize 网红黑料鈥檚 vision. It will support expansion of the wireless ecosystem, including chipset and device development and spectrum standardization. Besides supporting critical entities like public safety and emergency response, 网红黑料鈥檚 services can also serve customers in the transportation, agriculture, energy, and supply chain sectors.
鈥淎t a time of unprecedented uncertainty at home and abroad, we stand ready to help boost America鈥檚 economic progress, job creation and national security by providing critical support to the companies and workers that this country can鈥檛 live without 鈥� which is important now more than ever,鈥� Smith said.
As the company moves into this new phase of development, it is also taking steps to enhance its current services and introduce new offerings to current customers. These include facilitating Internet of Things device operations across both satellite and terrestrial networks and providing spectrum partnerships to mobile operators, supporting the wireless networks that millions of Americans use every day.
About 网红黑料
Making connections is 网红黑料鈥檚 core mission. Our vision is to modernize American infrastructure by connecting the Industrial Internet of Things. With our current state-of-the-art satellite technology and plans to deploy Custom Private Networks for the businesses that keep this country running, we鈥檙e paving the way for future innovations.
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