TOKYO -- A Singapore government arm has invested in Transcelestial, a local startup developing low-cost networking equipment, as the race for 5G rollout intensifies across Asia.
Founded in 2016, Transcelestial is developing devices that use laser technology to send data to each other, rather than fiber optic cables. The company says the devices, which are about the size of a shoe box and mounted on poles or cell towers, are easier to set up and more affordable than laying fiber in a city.
