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Federated Wireless secures $51M in series C funding round

Federated Wireless Inc., which develops shared spectrum services for the wireless industry, secured $51 million in a series C funding round.

Existing investors, including Allied Minds PLC, American Tower Corp. and GIC Pte. Ltd., participated in the round along with new investors Pennant Investors LP and SBA Communications Corp.

The Arlington, Va.-based company will use the proceeds to accelerate the availability and adoption of shared spectrum citizens band radio service by wireless carriers, including 5G wireless services and private LTE.