Working to meet the growing demand for wireless access to mobile data, CBRS pioneer Federated Wireless has announced that it has secured USD 51 million in Series C funding, with contributions from existing investors Allied Minds (LSE: ALM), American Tower (NYSE: AMT) and GIC, Singapore´s sovereign wealth fund, in addition to new investors Pennant Investors and SBA Communications (NASDAQ: SBAC), the company said.
The funding will enable the company to further accelerate availability and adoption of shared spectrum CBRS services by wireless carriers, cable companies, utilities and enterprises seeking to augment existing and next-generation 5G wireless services and private LTE.
CBRS is an innovative technology that delivers the best attributes of traditional wireless and Wi-Fi, with lower fixed cost, higher quality and greater efficiency and scale. The 150MHz available in the 3.5GHz CBRS band is approximately equivalent to that owned by the largest national wireless carriers and is divided into three tiers of service dedicated to incumbents, Priority Access Licenses (PALs) and General Authorized Access.
Founded in 2012, Federated Wireless has long led the industry in development of shared spectrum CBRS capabilities. The company´s partner ecosystem includes more than 40 device manufacturers and edge partners, all of which are dedicated to collaboration to advance development and proliferation of CBRS services. Federated Wireless´ customer base includes companies spanning the telecommunications, energy, hospitality, education, retail, office space, municipal and residential verticals, with use cases ranging from network densification and mobile offload to Private LTE and Industrial IoT. For more information, visit: www.federatedwireless.com.