Boston, MA 06/03/2014 (wallstreetpr) – Verizon Communications Inc. (NYSE:VZ) continues to raise its investment over startup technology market. Recently, Verizon Ventures invested $5 million in Newlans Inc to support the development and commercialization process of Newlans’ Programmable Duplexer.
Newlans, a startup company, is developing the Duplexer to target front end radio frequency module for 4G LTE in mobile devices and small cells.
4G LTE – A Growing Market
LTE networks continue to expand with increasing addition of frequency bandwidth over mobile devices due to higher applications of mobile phones. Every band requires a different set of hardware (duplexer), so, it becomes a challenging task for the manufacturers to design a model with changing RF modules.
Therefore, the new designs like Newlans’ programmable duplexer, which will support multiple frequencies and reduce the entire set up into one part. It will also improve the performance of the mobile phones and minimize the costs and size of RF modules in mobile handsets. So, it will create an opportunity for the handset manufacturers and the mobile operators.
A Value Addition
About 73% of the data transfers are going through 4G LTE network, and Verizon Communications Inc. (NYSE:VZ) already has a leadership position in the industry with 4G LTE connections. During first quarter 2014, Verizon activated 8.1 million 4G LTE devices and 7.6 million smartphones.
The retail postpaid connections continued grow over 4G LTE wireless networks with 49.3% of total 4G LTE connections during the quarter. The addition of new technology will further strengthen its position in the market.
Verizon continues to invest in the networks and platforms to provide long-term profitable growth and help in expanding the margin and generate positive cash flow.
Conclusion
Verizon Communications Inc. (NYSE:VZ) Ventures continues to invest in startup companies that will support Verizon’s retail and enterprise customers. As of now, Verizon Ventures has already invested in more than 40 companies that spread over different industries, technologies and markets.
