Federated Wireless, a technology company vested in the deployment of CBRS, today announced the acquisition of $51 million in Series C funding.
The Arlington, Virginia-based company had previously raised $69 million through Series B rounds. Series C investors include existing funders Allied Minds, American Tower, GIC and Singapore’s sovereign wealth fund. New investors included SBA Communications and Pennant Investors.
Federated Wireless specializes in the deployment of networks built around the Citizens Broadband Radio Service (CBRS), 150 MHz of spectrum—ranging from 3550 -3700 MHz—in the 3.5 GHz band.
CBRS has been used sparingly by the U.S government and other entities, and the band was identified by the FCC as additional spectrum for shared wireless private broadband. Federated Wireless client list includes wireless operators, cable companies, tower hoisters, managed service providers (MSPs) and CBRS devices vendors, including American Tower, Arris, Charter Communications and ExteNet Systems.
“We are extremely pleased with the way Federated Wireless’ momentum in the CBRS industry has accelerated since our initial investment and are proud to have been able to contribute to it in a material way,” said Joe Pignato and Mike Turner, co-CEOs of Allied Minds, in a joint statement. “The contributions that Federated Wireless has made in bringing CBRS to this point are significant and demonstrate its leadership in the space.”
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!