Sunday, October 4, 2009

Verizon Wireless Launches 4G Venture Forum

Verizon Wireless is launching a 4G Venture Forum (4GVF) to bring together financial investment, product incubation and market validation for products and services that will harness 4G networks.

The 4GVF is a collaboration of Verizon Wireless, Alcatel-Lucent Ventures, Charles River Partners, New Venture Partners, North Bridge Venture Partners, Norwest Venture Partners (NVP) and Redpoint Ventures. The Forum is also backed by both Alcatel-Lucent and Ericsson, the primary network infrastructure providers for Verizon Wireless' upcoming LTE network.

To support the initiative, Verizon Wireless, Alcatel-Lucent and Ericsson will contribute expertise in building advanced wireless networks and provide programmatic input critical to concept success.

In addition, the companies noted that the 4GVF may support and fund 4G advancements regardless of underlying network technology. Funded entities will not be contractually obligated to work with Verizon Wireless and are not precluded from working with other wireless service providers.

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