FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “TPT Global Tech’s Latin American Partner New Orbit Technology Signs Deal to Launch First 5G Network in Central America”
TPT Global Tech (OTCQB: TPTW) announced today that its Latin American technology licensing and JV partner, New Orbit Technologies Central America (NOTCA), completed a deal with Antonio Safie, owner of SALNET Telecommunications El Salvador (www.salnet.com) to launch the first 5G network in Central America.
TPT Global Tech Inc. was formed as the successor of two US Corporations, Ally Pharma US, a Pharmaceutical technology research company founded in 1988 and TPT Global Inc. a worldwide, Media Content, Voice and Data, Interconnect and International gateway provider. TPT Global Tech is headquartered in San Diego, California and operates as a holding company for its Media, Smartphone, Network, Content, and SaaS (Software as a Services) domestic and international businesses.
According to a report published by MarketsandMarkets, the global Telecom IT Services Market is expected to grow from USD 67.38 Billion in 2014 to USD 233.05 Billion in 2019. In terms of regions, North America is expected to represent the largest market. Among the litany of segments in this market are CRM, Mobile Commerce, Enterprise Mobility, Network Management, Supply Chain Management, OSS BSS and Others. The efficiency of these services depends on the quality and modernity of the telecommunications infrastructure itself. 2019 is expected to be a year where of significant modernization occurs, presenting several opportunities for providers to improve current revenue sources or even create new ones. Many of these opportunities will come from the first large-scale rollouts of 5G technologies, which are expected to create significant business opportunities for telecom companies.
Deloitte’s 2019 Telecommunications Industry Outlook report indicates that once available, 5G is expected to create significant business opportunities for telecom companies. For instance, it is expected to help them gain revenue in the fixed broadband market and business-to-business (B2B) opportunities such as smart cities and Internet of Things (IoT). “It will also provide the ideal environment for telecommunications providers to employ “network slicing” to customize their offerings.4 In the context of 5G, this will enable sharing of a given physical network to run IoT, mobile broadband, and very low-latency applications—including many connected-car and connected-home functions that have the potential to create entirely new revenue sources for providers in 2019,” Deloitte explains.
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