The push for LTE is running full force thanks to Verizon Wireless’ latest announcement, the 4G Venture Forum (4GVF). The 4GVF is a new initiative which brings together financial investment, product incubation and market validation for products and services that will harness fourth generation (4G) wireless networks.
The big news here is that the 4GVF has identified up to $1.3 billion as available for 4GVF development; participating venture capital firms have more than $9 billion under management today. With that much capital available for the development of LTE any doubts as to whether Verizon is serious about the next generation wireless technology can be laid to rest.
The 4GVF is a collaboration of Verizon Wireless; highly-regarded venture funds including Charles River Partners, New Venture Partners, North Bridge Venture Partners, Norwest Venture Partners and Redpoint Ventures and both Alcatel-Lucent and Ericsson, the primary network infrastructure providers for Verizon Wireless’ upcoming 4G LTE network. For more information on Verizon Wireless and the 4GVF initiative hit the press release below
Source(s): Verizon Wireless
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