Technology Roundup – Telus launches first wave of 5G network, teams with Samsung, SoftBank investing $2M in minority-led startups

Published on: June 18, 2020
Author: Amy Liu

Telus launches first wave of 5G network, teams with Samsung

Telus (NYSE:TU) has launched the first wave of its 5G network in Canada, with rollouts in Vancouver, Montreal, Calgary, Edmonton and Greater Toronto.

Shares are up 2.8% postmarket.

That service comes at no extra cost to those on Telus Peace of Mind plans, it says.

The network will expand to 26 more Canadian markets through the rest of 2020.

It’s expecting to deliver peak download speeds of 1.7 Gbps, to support remote work, virtual health, and distance education.

The telecom has selected Samsung (OTC:SSNLF) as a network infrastructure partner. It had also previously announced it was working with Ericsson (NASDAQ:ERIC) and Nokia (NYSE:NOK) in building out the network.

SoftBank investing $2M in minority-led startups

SoftBank (OTCPK:SFTBF,OTCPK:SFTBY) says it will invest $2M or more in 14 U.S. startups led by black founders and other underrepresented groups.

The investments will back the first members of the Emerge accelerator, a program from WeWork Labs and SoftBank Investment Advisers for minority-led startups.

The first Emerge class pitched to more than 100 investors in online video presentations today.

The second Emerge class is set to begin later this year.

Earlier this month, SoftBank launched the $100M Opportunity Growth Fund, which “will only invest in companies led by founders and entrepreneurs of color.”

Insider selling at Adobe

Adobe (ADBE +1.0%) discloses that EVP, Gen. Counsel & Secretary Dana Rao sold 2.025K shares on June 16 at $411.605/share.

Rao now holds 17.198K shares.

Microsoft buys industry data model provider

Microsoft (NASDAQ:MSFT) acquires ADRM Software, a provider of large-scale, industry-specific data models that companies can use as “information blueprints.”

ADRM’s models cover a wide range of industries, including communications, financial services, and healthcare.

Microsoft will combine ADRM’s models with Azure storage and compute to create intelligent data lakes where information from multiple lines of business are brought together.

Financial terms of the deal weren’t disclosed.

Verizon and Cisco team up to strengthen network virtualization

To build a more agile networking infrastructure, Verizon Business (VZ -0.2%) integrates Cisco’s (CSCO -1.3%) ENCS compute platform into its VNS portfolio.

Cisco’s 5000 Series ENCS is a purpose-built compute platform optimized for network function virtualization.

“Cisco’s virtualization solutions can help Verizon Business customers with a preference for Cisco’s ecosystem to easily deploy agile enterprise networking solutions, which is what all companies need today to continue to stay resilient and competitive,” said Scott Harrell, SVP and GM of Cisco’s Intent-Based Networking Group.

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