ST. AUGUSTINE, Fla., Nov. 13, 2014 /PRNewswire/ -- O2 Secure Wireless, Inc. (OTC PINK: OTOW), is pleased to announce its immediate plans to expand the OTOW Network in Latin America and the Caribbean (LAC). With the acquisition of Technologies Argus First de Mexico, O2 Secure Wireless, Inc. puts its footprint in the fastest growing telecommunications region. With Latin America and the Caribbean (LAC) being a region that includes some of the world's most important emerging markets, 2014 telecom service spending is forecasted to end the year at $201 billion.
"This is a step we have been working on for the last three years and it seems all of the cards are finally in place to expand in Latin America and the Caribbean. Our Latin America partners B&G Logistics S.A de C.V. and BHTV will provide set top boxes and delivery of HD content. I know the shareholders have been very patient with us as we grow this company and have made many acquisitions, acquired telecommunications licenses in various countries and have entered into various partnerships to strategically place this company where it is now. Looking at how long it took Metro PCS Communications to get off the ground, being formed in 1994 and the steps they took to make it a success they were ultimately taken over by T-Mobile US in 2013. This is a company that I have been molding our company after and look to far exceed their success. I feel we are on a fast track to follow their footsteps," said the CEO of O2 Secure Wireless, Inc. Val Kazia.
Like the rest of the world, LAC is turning increasingly towards mobile solutions and away from the traditional telephone. In fact, the region is well ahead of the world average, having reached an estimated 115% mobile penetration at end-2013 against a global rate of around 96%. The mobile penetration rate of LAC is projected to reach 126 percent in 2015 and the number of mobile connections is projected to amount to 781 million in 2015 (re; Statistica). By the end of 2014, there will be almost 1 billion Internet users coming from LAC, and that the number of telecommunications and mobile-broadband subscriptions will reach 2.3 billion globally. Fifty-five per cent of these subscriptions are expected to be in the developing world and LAC. This corresponds to an Internet-user penetration of 40% globally, 78% in developed countries with over 50% of this in LAC and 32% in developing countries. More than 90% of the people who are not yet using the Internet are from the developing world. In the Americas, close to two out of three people will be using the Internet by end 2014, the second highest penetration rate after Europe. (2014 ICT statistics).
About O2 Secure Wireless Inc.
O2 Secure Wireless is a Company that is currently developing numerous wireless tower facilities in the U.S. The Company is also instrumental in the development of wireless broadband communication services domestically and in Latin America and the Caribbean. Under a merger with Earthcom Service Inc., the Company is currently being structured to provide affordable flat rate pre-paid wireless services in developing countries internationally and expanding into Latin America and the Caribbean with the acquisition of Technologies Argus First de Mexico
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SOURCE O2 Secure Wireless, Inc.