T-Mobile announced T-Mobile Ventures, an investment fund focused on early and emerging growth companies developing 5G products and services for the T-Mobile network.
The second largest telecom operator in the United States did not reveal the size of its fund for making investment in 5G companies.
“T-Mobile Ventures is part of our mission to give customers the best 5G network in the country,” said Jason Young, senior vice president of Partnerships and T-Mobile Ventures.
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 Edge Compute, Security, Future of Work and Industrial IoT.
T-Mobile, first in the US 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.
T-Mobile is 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.
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 percent 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.
T-Mobile Ventures works with corporate venture capital firm Touchdown Ventures to help manage the fund.