NEW YORK, May 14, 2019 /PRNewswire/ -- The rapid development of technology has had a profound impact on consumer trends and demands, with expectations largely growing unabated. The very first generation of wireless telephone technology was commercially available during the 1980s, while nowadays, most consumers are connected to a 4G LTE network on their mobile phones. 4G LTE technology provides download speeds upwards of 50 megabits per seconds. At the current bit rate, which currently goes up to 50 megabits per second, consumers can view a movie with little to no buffering interruptions or load a web page in a matter of seconds. Bit rates are crucial for various applications because they dictate how fast a consumer can access data. During peak internet usage, consumers can experience their upload or download speeds drastically slow down. Moreover, there are specific regions across the world that aren't covered by the 4G LTE umbrella network. The slow speeds and lack of coverage can be frustrating for many consumers and as a result, the demand for 5G technology has emerged over the past several years. Even though 5G technology is not commercially available yet, many telecom and tech companies have partnered to launch pilot initiatives. Through these various pilot trials, results have shown that 5G technology can top out at speeds of up to 10 gigabits per second. To put the speed into perspective, the Consumer Technology Association highlighted that 5G technology can download a 2-hour movie in just 3.6 seconds compared to 4G's speed of 6 minutes and 3G's speed of 26 hours. Furthermore, 5G also reduces latency, meaning there are faster loading times and improved responsiveness. According to data compiled by Transparency Market Research, the global telecommunication services market was valued at USD 0.8 Billion in 2016. By 2025, the market is expected to reach USD 1.4 Billion while also exhibiting a CAGR of 6.6%. TPT Global Tech Inc. (OTC: TPTW), Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), Sprint Corporation (NYSE: S), BlackBerry Limited (NYSE: BB) (TSX: BB), Infinera Corporation (NASDAQ: INFN).
Primarily, most telecom consumers are millennials that grew up during the rise of technology. In underdeveloped regions around the world, 67% of the youth is connected to the internet, on the other hand, in developed regions, 94% of the youth is online, according to the International Telecommunications Union. In particular, the U.S. has one of the largest network coverages. Predominantly, most U.S. consumers access the internet through their smartphones. According to the Pew Research Center, approximately 92% of millennials own a smartphone compared to 85% of Gen Xers and 67% of Baby Boomers. However, unlike Gen Xers and Baby Boomers, Millennials are heavily invested into the internet as a vast majority of millennials (85%) say they use social media. For instance, Millennials alone account for a majority of the market share on major social media apps like Instagram and Snapchat. Overall, telecom services have completely reshaped the social media platform because users can now simply upload, download, view images, posts, and videos in a matter of seconds. Furthermore, as technology continues to advance, consumers will experience faster connectivity, allowing them to upload or download content at speeds quicker than ever before. "In the tech industry, we have a lot of "next big things." 5G, however in my opinion, really is the thing that will make every other next big thing possible. It's a super highway that will make 4G look like a little back country road. 5G is taking digital transformation to new heights and it will be exciting to see the developments that come with it," said Daniel Newman, Chief Executive Officer of Broadsuite Media Group and Principal Analyst at Futurum.
TPT Global Tech Inc. (OTCQB: TPTW) yesterday announced breaking news that, "it has completed its acquisition of most of the assets of SpeedConnect LLC ("SpeedConnect") for $2 million and the assumption of certain liabilities. The Asset Purchase Agreement required a deposit of $500,000, paid as part of entering into the Asset Purchase Agreement and an additional $500,000 paid at closing. In addition, at the time of closing, the Company entered into a Promissory Note to pay SpeedConnect $1,000,000 in two equal installments of $500,000 plus applicable interest at 10% per annum with the first installment payable within 30 days of closing and the second installment payable within 60 days of closing. The Company is required to have SpeedConnect's financial information audited for the last two years, which audits are in process and expected to be completed within regulatory requirements.
SpeedConnect was founded in 2002 by its CEO John Arthur Ogren and is in its 17th year of operations as a national, predominantly rural, wireless telecommunications residential and commercial Internet Service Provider (ISP). SpeedConnect.com. SpeedConnect's primary business model is subscription based, monthly reoccurring revenues, from wireless delivered, high-speed Internet connections utilizing its company-built and owned national network. SpeedConnect also resells third-party satellite Internet, DSL Internet, IP telephony and DISH TV products. Mr. Ogren will stay on as the CEO of SpeedConnect for TPTG for the next two years.
SpeedConnect is a privately-held Broadband Wireless Access (BWA) provider. Today, SpeedConnect is one of the nation's largest rural wireless broadband Internet providers which serves approximately 19,000 residential and commercial wireless broadband Internet customers, in Arizona, Idaho, Illinois, Iowa, Michigan, Montana, Nebraska, South Dakota and Texas.
The synergies with TPTG are impressive. The SpeedConnect asset acquisition provides a complete back office, with a billings and collections machine for all products the new combined enterprise may choose to sell, service, warehouse, or deliver. With a TPTG cash infusion, and the SpeedConnect's 5G deployments across 10 Midwestern States, the new combined enterprise is perfectly positioned to grow its national footprint to 250,000 customers, and hold first place as the nation's best choice for bridging the digital divide to heartland rural America.
'This milestone or acquisition of most of the assets of Speed Connect positions the Company to launch 5G Technology to rural America and set stage for TPTG to deliver TV, Internet, Media Content and Phone services across 10 Midwestern states, utilizing our proprietary telecom infrastructure and mobile media delivery broadcast platform at the same time creates an opportunity for the company to up list to a major exchange' said Stephen Thomas CEO TPTG.
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Specifically, statements about the Company's plans for accelerated growth, improved profitability, future business partners, M&A activity, new service offerings and pursuit of new markets are forward looking statements. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
About TPT Global Tech:TPT Global Tech Inc. (OTC:TPTW) based in San Diego, California, is a Technology/Telecommunications Media Content Hub for Domestic and International syndication and also provides Technology solutions to businesses domestically and worldwide. TPT Global offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over its private IP MPLS fiber and wireless network in the United States. TPT's cloud-based UCaaS services allow businesses of any size to enjoy all the latest voice, data, media and collaboration features in today's global technology markets. TPT's also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cellphone services, Mobile phones Cellphone Accessories and Global Roaming Cellphones."
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Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) is one of the leading providers of Information and Communication Technology (ICT) to service providers, with about 40% of the world's mobile traffic carried through its networks. As part of its 5G preparations, Síminn will modernize and expand its radio network and continue to deploy the 5G-ready Ericsson Radio System. The two companies will also conduct 5G trials enabled by Ericsson 5G New Radio and Ericsson Spectrum Sharing. Síminn is eyeing the introduction of new IoT services on its 4G network – including Narrowband IoT (NB-IoT) and Cat-M1. The agreement aims to accelerate the growth of Iceland's IoT ecosystem across diverse use cases. NB-IoT enables low data rate applications in extremely challenging radio conditions, for example, connecting utility meters and sensors. In addition to the radio network, Síminn has also chosen Ericsson to modernize its core network including Ericsson Cloud Packet Core portfolio upgrades to support the transition from 4G to 5G. Jenny Lindqvist, Head of Ericsson, Northern and Central Europe says: "This agreement extends our strong, long-term partnership with Síminn and supports them in their journey towards 5G. It also shows that Síminn is a frontrunner in giving their customers access to the latest cutting-edge technology and services in the advanced Icelandic market."
Sprint Corporation (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Recently, at Google I/O, developers are getting a glimpse at the future of wireless with Sprint 5G NR connectivity powering Android applications. I/O attendees from around the globe are among the first to experience Sprint 5G with applications running on the LG V50 ThinQ 5G, Sprint's first 5G smartphone. During Google's annual developer festival at the Shoreline Amphitheater, Sprint is using Ericsson 5G Massive MIMO radios to deliver over-the-air dual-connectivity with 60 MHz of 2.5 GHz on LTE and 40 MHz of 2.5 GHz on 5G NR. Demonstrations include YouTube 4K video streaming, gaming, and augmented reality. Using the LG V50 ThinQ 5G, attendees can experience touchless control to interact with their environment, performing common tasks hands-free with just a wave. The large OLED screen, which doubles as a speaker, also provides an immersive entertainment experience. "5G will drive new levels of innovation and progress around the world, and it's the developers that will make it happen," said Ryan Sullivan, Vice President of Product Engineering and Development at Sprint. "We're excited to work with the Android community as it develops disruptive new 5G services across all industries from entertainment to healthcare, energy, public safety, transportation and more."
BlackBerry Limited (NYSE: BB) (TSX: BB) enables the Enterprise of Things by providing the technology that allows endpoints to trust one another, communicate securely, and maintain privacy. BlackBerry Limited recently announced its commitment to helping the private and public sectors come together to accelerate the development of Smart Cities and Intelligent Transportation Systems with a Security Credential Management System (SCMS) service. The SCMS service is based on BlackBerry's Certicom technology and offers a secure and reliable hosted Public Key Infrastructure (PKI) which can manage certificates on behalf of an organization or an entire ecosystem. The service is designed to scale to support national and transnational deployments, allowing OEMs and public officials to take advantage of a turnkey cloud-based service for vehicle-to-infrastructure (V2X) certificate issuance and lifecycle management. BlackBerry can also support hybrid SCMS solutions optimized for high-volume vehicle production. BlackBerry's new service has been interoperability tested in multiple OmniAir Consortium PlugFests held earlier this year. The company's first project using the new SCMS service will be in partnership with Invest Ottawa, who will leverage it within a secure 16-kilometer road autonomous vehicle (AV) test track that resembles a miniature city, complete with pavement markings, traffic lights, stop signs, and pedestrian crosswalks. "We are delighted to partner with BlackBerry to demonstrate this SCMS service in a variety of V2X applications," said Kelly Daize, Director of the CAV Program at Invest Ottawa. "Our integrated public and private AV test tracks are equipped with GPS, DSRC, Wi-Fi, 4G/LTE and 5G, making this the first AV test environment of its kind in North America. We look forward to leveraging the world-class security and analytic capabilities of BlackBerry and making them available to innovators, firms, and regions to accelerate the secure deployment of AVs, Intelligent Transportation Systems, and smart cities."
Infinera Corporation (NASDAQ: INFN) is a global supplier of innovative networking solutions that enable carriers, cloud operators, governments and enterprises to scale network bandwidth, accelerate service innovation and automate network operations. Infinera and XL Axiata recently announced the expansion of XL Axiata's South Sumatra terrestrial network and its Singapore-to-Jakarta subsea network via B2JS (Jakarta-Bangka-Batam-Singapore) with the Infinera XTC platform, leveraging Infinera's Infinite Capacity Engine (ICE4). XL Axiata is one of Indonesia's leading telecommunication service providers, offering an array of innovative products and services, ranging from voice, SMS and value-added services to mobile data, covering more than 94% of the population throughout Indonesia. The XL Axiata transport infrastructure spans over 45,000 kilometers of fiber optics. The Infinera solution, delivered in collaboration with local partner Lintas Teknologi, ensures XL Axiata is ready to offer capacity with speed and efficiency, as demanded by its customers, today and as its network evolves to 5G. Infinera's XTC Series combines the benefits of photonic integrated circuit technology, integrated packet-aware OTN switching and the flexibility to address subsea, long-haul, regional and metro networks. Infinera's ICE4 offers network operators the combined benefits of scalable multi-terabit optical super-channel capacity and industry-leading capacity-reach performance for distances from metro to subsea. These benefits enable the resiliency required as operators make their networks 5G-ready. "Cloud scale and 5G both represent bandwidth-thirsty markets that require leading-edge optical engines and scalable platforms that are easy to operate," said Bob Jandro, Senior Vice President, Worldwide Sales at Infinera. "Our partnership with XL Axiata and Lintas Teknologi to build a state-of-the-art optical network in Southeast Asia reinforces our commitment to bringing leading technology that delivers on capacity, reliability and innovation all over the world."
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