Decentralizing telecom benefits small businesses and telcos — Web3 exec
Summary
Decentralizing telecommunication networks benefits both small businesses and telecom corporations. Small businesses can generate revenue by hosting wireless hotspots, while large telecom companies can utilize the Helium Network's telemetry to reduce costs and improve coverage in underserved areas. Establishing a single telecom tower costs around $300,000, making decentralized networks a cost-effective alternative. Helium's partnerships with companies like Telefónica and AT&T aim to enhance coverage and reduce congestion. The Helium Network has over 95,000 mobile hotspots in the U.S. and 284,000 active IoT hotspots globally. Nova Labs seeks to expand coverage through collaborations with telecom providers in new regions.
