RIM to Invest in BlackBerry Partners FundBy Reuters | Posted 2011-02-14 Email Print
RIM says that the PlayBook tablet computer will be available in LTE and HSPA+ versions later this year, a move which opens the tablet to all major carriers in North America.
RIM also said it will contribute to a second $150 million tranche of the BlackBerry Partners Fund, which will focus on investing in mobile-computing start-up companies.
The second tranche of the fund is expected to be launched in June. RIM did not disclose how much money it is providing, but said it was a "lead" commitment. The Ontario Venture Capital Fund has also invested, the fund managers have said.
The co-managers of the fund said in October they saw opportunities to tap into growing mobile markets such as India, China and Brazil.
(Reporting by Alastair Sharp; editing by Peter Galloway)