The first satellite-based LTE-5G network to Africa..
We hold operator’s licenses in; Mali, Sierra Leone and Nigeria.
THIS IS A SECURITY OFFERING UNDER REG. D 506(C) ONLY FOR ACCREDITED INVESTORS. (foreign investors are exempt from this rule). ALL SUBSCRIPTIONS GO TO ESCROW ACCOUNT, AND WILL BE REFUNDED IF NO MINIMUM HAS BEEN RAISED ON OR BEFORE 20/02/2020. DETAILED MEMORANDUM ENCLOSED.
For the last 20+ years, my company has provided satellite connectivity throughout Africa and other emerging economies. We have served private, public, military, and government customers. We design, construct, activate, maintain, and monitor systems for 7/24/365 satellite connectivity.
About 3 years ago, while on a trip at Bamako, Mali, I needed to stay in-touch with my company’s New York office. The only option available was to buy data from a local operator which was extremely expensive and slow to browse. Throughout my business trips in Africa, I experienced similar low quality of subscribed service from operators in other countries including: Sierra Leone, Liberia, Guinea, Guinea Bissau, Bennin, Senegal, Ivory Coast and others. After speaking with my local agents and representatives, I realized that there is a market in West Africa for high quality cellular data service and that users would gladly pay a premium for it relative to the status quo. Furthermore, offering high-speed data to mobile users will allow them to use popular voice applications like: “whatsapp”, “Viber”, “Skype” to save on the charge for billable minutes by local providers.
Leveraging the technologies and intellectual property that my company had developed, I found an economical solution to use a satellite-based backhaul capability to provide an advanced wireless LTE network to service mass users with speeds of 10-15 times faster than the local services that rely on an old 2G & 3G technology. Moreover, we can provide these advanced LTE services at or below the current market rates. In addition to that technological advantage, my company also brings an understanding of the local market as well as personal connections and exclusive licenses with local governmental authorities.
In support of this revelation, a new company was formed, SpeedNet, LLC., to realize the full potential of this this opportunity.