Singtel's corporate VC unit has taken on another $100m as 5G opens up opportunities for new technology models, CEO Edgar Hardless tells Global Venturing.

Now that 5G telecoms networks become the norm, we are about to see an influx of new technologies that hadn’t been possible before, says Edgar Hardless (pictured), chief executive of Singtel Innov8, the Singaporean telecoms company’s strategic investment arm.

And Singtel Innovate wants to be at the forefront of investing in this new tech ecosystem.

The unit was formed in 2010 with $250m and has operated as an evergreen fund, but Singtel provided a further $100m earlier this month, shortly after announcing it had surpassed 95% 5G coverage of its home country of Singapore, the highest percentage in the world. It is acting as a ‘big catalyst’ for technology, Hardless says.

Edgar Hardless head and shoulders

“There’s a huge impetus for us to…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.