T-Mobile has announced the launch of its Venture Capital fund to power 5G innovation in America. The venture arm of T-Mobile will work with Touchdown Ventures to manage the fund. The launch of the venture capital will benefit T-Mobile Ventures portfolio companies as they will get the support of the company’s network, engineering finesse and investment.
“T-Mobile Ventures is part of our mission to give customers the best 5G network in the country – one that will serve all Americans, stimulate competition and create tremendous economic value,” said Jason Young, Senior Vice President of Partnerships and T-Mobile Ventures.
T-Mobile Ventures will begin its work initially by targeting the development of 5G products and services in Edge Compute, Security, Future of Work, and Industrial IoT. The venture helps T-Mobile extend its innovation in 5G as the company was the first business to launch nationwide 5G and first in the world to launch Standalone 5G. T-Mobile has the largest 5G network, which covers more than 260 million people across 1.4 million miles approximately.
“With our 5G network at the foundation, we see massive opportunity across both business and consumer segments, and we’re excited to help fuel the wave of 5G applications coming to market in the years ahead,” added Young.