Verizon Ventures is the investment arm of Verizon Communications, focused on identifying and investing in innovative entrepreneurial companies that address significant technological challenges faced by Verizon's consumer and enterprise customers. Over the past decade, Verizon Ventures has invested in more than forty companies across various industries and market segments. The organization provides its portfolio companies with substantial support, including assistance in technology and product development, market planning, and sales strategies, as well as access to Verizon's extensive networks and platforms. By leveraging the expertise of experienced investment professionals and a dedicated venture development team, Verizon Ventures fosters connections between innovators and the strategic and financial resources necessary to advance their businesses.
Casa Systems, Inc. is a communications technology company that specializes in providing advanced solutions for broadband and wireless networks across various global regions, including North America, Latin America, Europe, and Asia-Pacific. Founded in 2003 and headquartered in Andover, Massachusetts, the company offers a range of products, including converged cable access platforms, wireless network core products, optical access solutions, and devices for fixed wireless access. Its technology supports next-generation network architectures, enabling cable operators to deliver interactive digital video and broadband IP services efficiently. Casa Systems also provides third-generation DOCSIS products and intelligent video processing solutions, allowing for the seamless integration of video and IP data services. The company focuses on utilizing disruptive technologies to enhance network performance and meet the evolving demands of the telecommunications market.
CoreTigo Ltd. specializes in developing secured wireless network systems designed to support Internet of Things (IoT) nodes with minimal latency. Their technology facilitates machine-to-machine communication, which is essential for applications in various sectors, including factory automation, warehouse management, and transportation. CoreTigo's products include the O Link Wireless master, which enables the cyclic transfer of parameters and diagnostic information to automation systems, and the IO Link device system on module (SoM), responsible for process data management in actuators and sensors. The company's solutions aim to simplify industrial automation, enhance safety in manufacturing environments, and improve operational efficiency, ultimately allowing clients to optimize production and manage their operations more effectively. CoreTigo is headquartered in Kadima, Israel.
Straight Path Communications Inc. is a telecommunications company based in Glen Allen, Virginia, specializing in the ownership and licensing of millimeter wave spectrum for 5G wireless services in the United States. With an extensive portfolio of 39 GHz and 28 GHz wireless spectrum licenses, the company serves mobile network operators and internet service providers, facilitating the wireless transmission of voice and data. By leasing its spectrum licenses, Straight Path enables clients to enhance network capacity and improve the quality of high-speed data transmission. The company also explores next-generation wireless technologies through its Straight Path Ventures subsidiary and manages certain patents via its Straight Path IP Group subsidiary. Founded in 2013, Straight Path Communications operates as a subsidiary of Verizon Communications Inc. as of February 2018.
XO Holdings operates through its subsidiary, XO Communications, LLC, which provides a range of telecommunications services in the United States and internationally. The company manages an integrated fiber optic network that delivers various networking solutions, including bandwidth on demand, wide area networking, and Internet access. It specializes in unified communications, offering services such as hosted PBX, voice over IP, and traditional voice services. Additionally, XO Communications provides cloud computing, colocation, and managed services, along with security solutions and wholesale services targeting telecommunications carriers and other service providers. Its clientele includes enterprise, small, and medium businesses across various sectors, such as finance, healthcare, media, and retail. Founded in 2000 and headquartered in Herndon, Virginia, XO Communications operates as a subsidiary of Verizon Communications Inc.
Kumu Networks, Inc. is a technology company based in Sunnyvale, California, that specializes in developing innovative wireless systems using full-duplex wireless design technology. Founded in 2011, the company has created a solution that allows radios to transmit and receive signals simultaneously on a single frequency channel. This groundbreaking approach enhances the performance of wireless devices and reduces complexity across various applications. By enabling multiple radios to operate in close proximity without interference, Kumu's technology allows for improved cooperation among devices and effectively mitigates self-interference. This advancement has significant implications for the wireless market, providing radiofrequency system designers with the tools necessary to optimize performance in their designs.
Qwest Wireless Spectrum - Network Assets
Acquisition in 2005
Qwest Wireless Spectrum - Network Assets includes spectrum licenses in 62 markets in 14 western and mid-western states, covering a population of 30.8 million people. These licenses, all in the 1900 MHz PCS frequency range, average nearly 10 MHz per market. The transaction also includes Qwest Wireless' network switching centers, cell sites and related network equipment, which operate on the CDMA standard, the same as the Verizon Wireless network.
MCI Communications, founded in 1963, was a prominent telecommunications service provider in the United States, known for its extensive range of services catering to businesses, governments, and individuals. The company initially operated microwave relay stations and offered two-way radio services to truck drivers and barges. It grew rapidly through a strategy of mergers and acquisitions, ultimately becoming the second-largest telecommunications company in the U.S. by 1990. MCI provided a variety of communication solutions, including local and long-distance calling, internet access, voicemail, and managed network services, enabling clients to effectively conduct business remotely. However, regulatory challenges led to difficulties for the company, culminating in its acquisition by WorldCom in 1997 for $34.7 billion.
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