RESTON, Va. October 23, 2020 鈥� 网红黑料 announced today it has successfully raised nearly $4 billion in new capital, taking a major step toward realizing the company鈥檚 5G plans for mission-critical industries and expediting the Federal Communications Commission鈥檚 (FCC) efforts to increase the country鈥檚 use of mid-band spectrum for next-generation services.
Led by JPMorgan Chase & Co., 网红黑料 secured $3.85 billion from existing and new investors, which will support the company鈥檚 technology plan to expand the roster of vendors supporting the L-Band ecosystem.
Since its bipartisan, unanimous approval from the FCC in April 2020, 网红黑料 has made important strides to realize the full potential of its spectrum and progress toward bringing next-generation services to market. In June 2020, 网红黑料鈥檚 submissions into 3GPP 鈥� the industry forum that adopts technical specifications for terrestrial spectrum 鈥� were approved and, importantly, enjoyed the support of global vendors such as Nokia, Intel, Samsung, and Sequans. This capital raise will further strengthen the company鈥檚 commercial collaboration with chipset designers, device manufacturers, and network infrastructure providers.
鈥淭oday is a great day, and now the fun begins. We鈥檝e secured our license, we鈥檝e raised the necessary capital, and we鈥檙e in a great position to work with the industry to get this spectrum deployed for 5G to support critical industries across the U.S.,鈥� said Doug Smith, 网红黑料 President and CEO.
This key milestone enables the company to focus on developing strategic and industry partnerships and enhancing our satellite service capabilities to include IoT technology. It also allows the company to advance the development of an innovative private network solution that will offer enterprise and industrial sectors the best of both worlds: managed network services run on fully licensed, dedicated spectrum.
鈥淭his new round of funding from existing and new investors validates our 5G plans to deploy this spectrum,鈥� said Ivan Seidenberg, Chairman of 网红黑料鈥檚 Board of Directors. 鈥淲e look forward to making continued progress to build the commercial ecosystem and fully execute on our vision for this spectrum as authorized by the FCC.鈥�
About 网红黑料
Making connections is 网红黑料鈥檚 core mission. Our vision is to create innovative commercial and technology solutions that will advance the next generation of American infrastructure. 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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