T-Mobile, the mobile subsidiary of Germany-headquartered telecommunications firm Deutsche Telekom, launched a corporate venturing subsidiary called T-Mobile Ventures yesterday.
The vehicle will be co-managed by venture capital firm Touchdown Ventures and is targeting companies developing technologies that will facilitate products and services on the T-Mobile network made possible by 5G, the latest standard of wireless network technology.
Particular areas of interest will include edge computing, cybersecurity and industrial internet-of-things technology as well as the future of work, a space that covers products that can make remote working more efficient.
Portfolio companies will receive access to T-Mobile’s knowledge of network and engineering as well as its international market presence. Its 5G network stretches to some 260 million customers and is available in more than 7,500 towns and cities across the globe.
Jason Young, senior vice-president of partnerships and T-Mobile Ventures, said: “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.
“With our 5G network at the foundation, we see massive opportunity across both business and consumer segments, and we are excited to help fuel the wave of 5G applications coming to market in the years ahead.”
