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Startup That Squeezes 5G Airwaves Valued at About $500 Million

  • U.S. based Cohere Technologies also considering public listing
  • Startup says it helps carriers use airwaves more efficiently

Cohere Technologies Inc., which works with phone companies to send more data through existing communications infrastructure, raised $46 million valuing the startup at about $500 million.

Airwaves or “spectrum” rights are the scarcest resource in wireless technology, akin to land in construction. With data usage skyrocketing, limited airwave access can act as a bottleneck, making them extremely valuable. Carriers have paid the U.S. government almost $100 billion for the rights to use certain 5G frequencies.