海角社区

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In The News | RCR Wireless | Kelly Hill | May 29, 2020

海角社区 raises $100 million for its 5G, IoT network plans

海角社区 has聽聽in a first wave of investment for the build-out of its planned 5G/IoT network, even as a federal agency recently asked the Federal Communications Commission to pause and reconsider 海角社区鈥檚 ability to operate in its L-Band spectrum under new rules that the commission approved in April.

The new network funding will be 鈥渟pecifically earmarked to operationalize鈥 海角社区鈥檚 plans, the company said, and will support chipset and device development and 鈥渟pectrum standardization.鈥 海角社区 said that it is also stepping up its current and new service offerings, including 鈥渇acilitating Internet of Things device operations across both satellite and terrestrial networks and providing spectrum partnerships to mobile operators.鈥

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 海角社区 CEO聽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

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