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Satellite Broadband Has An Edge Over GSM Services in Africa

By
Ndubuisi Ekekwe
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0

No argument there because the future of consumer telecom services includes satellite: “This growth is uncharacteristic in the sense of its magnitude. Whereas prior satellite service providers have ramped up to anywhere at most between 500,000 to a little bit over a million subscribers. And this has taken, you know, a ten-year period, Starlink’s race to 2 million subscribers has taken only the better part of two years.

“Starlink’s importance to SpaceX overall as a company is imperative. Euroconsult estimates that, optimistically, by the end of 2023, this business of Starlink could represent upwards of 40% of SpaceX’s overall business. This total would be somewhere in excess of $3 billion generated from Starlink”.

CDMA gave wired-telephony heat in Nigeria and prepared NITEL for the big museum. But GSM took down CDMA. Satellite is an existential threat to GSM operators in Nigeria because the regulator is allowing them to go DIRECT to customers (D2C) and that is significant. With the D2C business model, the marginal cost efficiency of satellite broadband will compound over time, and by 2030, GSM operators will lose ground. Yes, they will struggle in rural areas and less densely populated locations

Elon Musk and Space Starlink are setting a new basis of competition and they will take down empires in the telecom space. This is real!

Comment on Feed

Comment 1: ou make a great point about satellite internet companies using a direct-to-consumer (D2C) model. This lets them sell right to customers instead of just selling to other companies.

D2C is what can help satellite compete better over time. When satellite operators own the full customer experience, they make more money per user. This lets them lower costs as they grow.
Older internet companies can’t keep up because they rely on reselling satellite bandwidth.

They don’t control the customer relationship.
It’s like how CDMA wireless competed with landlines. And how GSM beat CDMA. The new technology that sells direct to users eventually wins out.

Satellite internet is still early. But with costs dropping and D2C adoption growing, they are positioned to disrupt current leaders. Exciting to see how satellite will impact internet competition down the road!

Thank for sharing Ndubuisi Ekekwe

My Response: “Older internet companies can’t keep up because they rely on reselling satellite bandwidth.” – you have explained the major difference between satellite generation 1 and the new model. That business model is the reason why Starlink has a promise.

Experts Estimate That Starlink is Well-Positioned to Capture A Big Piece of The Global Market For Consumer Satellite Services

Experts Estimate That Starlink is Well-Positioned to Capture A Big Piece of The Global Market For Consumer Satellite Services

By
Ojukwu Emmanuel
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0

Experts have estimated that Elon Musk-owned satellite internet constellation, Starlink, is well-positioned to capture a huge chunk of the global market for consumer satellite services.

They disclosed that the business has grown so quickly, which has seen it launch aggressively in different regions of the world, providing global, high-speed Internet coverage, that has seen it grow rapidly in influence.

Senior consultant at Euroconsult, Brent Prokosh, said the rapid growth of Starlink is laudable, adding that the satellite internet constellation importance to SpaceX is imperative, and it could represent upwards of 40% of SpaceX’s overall business.

In his words,

“This growth is uncharacteristic in the sense of its magnitude. Whereas prior satellite service providers have ramped up to anywhere at most between 500,000 to a little bit over a million subscribers. And this has taken, you know, a ten-year period, Starlink’s race to 2 million subscribers has taken only the better part of two years.

“Starlink’s importance to SpaceX overall as a company is imperative. Euroconsult estimates that, optimistically, by the end of 2023, this business of Starlink could represent upwards of 40% of SpaceX’s overall business. This total would be somewhere in excess of $3 billion generated from Starlink”.

Starlink has also been lauded for its significant benefit to Ukraine and how it is currently used in the country, providing a pathway for the military, and for civilians to stay connected to the outside world.

With the first launch of Starlink in 2019, the satellite internet constellation adoption rate has skyrocketed since then. The company said it has more than 2 million active customers and is available on all seven continents and in over 60 countries.

In the U.S., Starlink is currently available in 32 States including Alaska, New York, California, Hawaii, Texas, and several others which have a max download speed of 350 Mbps.

The satellite internet with its high-speed Internet coverage is revolutionizing internet access for rural and underserved areas.

With Starlink’s remarkable progress since its launch, CEO Elon Musk early this month announced that the space-based internet service has achieved break-even cash flow.

Announcing this, he wrote on X,

“Excited to announce that @SpaceX @Starlink has achieved breakeven cash flow! Excellent work by a great team. Starlink is also now a majority of all active satellites and will have launched a majority of all satellites cumulatively from Earth by next year”.

The company’s impressive cash flow might see it soon become a publicly listed company, after Musk in 2021, hinted that Starlink would become a publicly listed company once the cash flow can be predicted reasonably well.

Starlink was valued at $126.5 billion in 2018 and is expected to reach $144.5 billion by 2026.

Currently, there is a growing acceptance of the Satellite-Services Market with service types (Consumer Services, Fixed Satellite, Mobile Satellite, and Earth Observation) which has substantially led to the increasing use of Satellite services.

These satellite service providers offer satellite capacity to end-users, and Starlink is poised to dominate the market with its remarkable offerings.

FTX Sues Fintech Firm Bybit as it Seeks to Recover Assets Worth Almost $1 Billion

By
Ojukwu Emmanuel
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0

Bankrupt crypto exchange FTX, in an attempt to recover assets worth nearly $1 billion in funds, has filed a lawsuit against Fintech firm Bybit, and its investment arm Mirana.

The lawsuit filed in a Delaware Court, seeks both compensatory and punitive damages from ByBit, centering around a token scheme and assets held on its platform.

The lawsuit claims that Bybit imposed limitations on the FTX estate, preventing the withdrawal of assets exceeding $125 million on the Bybit exchange. It added that Bybit is using these assets as leverage to seek recovery for a remaining balance of $20 million that it could not withdraw from FTX before its collapse.

“After the FTX.com exchange halted customer withdrawals, ByBit seized FTX Group assets held on Bybit’s exchange, refusing to release them unless and until Mirana was able to finish withdrawing the entire balance of its FTX.com account”, the lawsuit alleged.

Following the recent lawsuit slammed on ByBit, the crypto community awaits ByBit’s response and defense. The Fintech firm, which is a prominent player in the crypto exchange landscape, is expected to  counter the allegations put forth by FTX.

Analysts suggest that the legal battle between these two major platforms could set a precedent for accountability within the crypto industry and shed light on the complexities surrounding asset withdrawals and inter-platform transactions.

This lawsuit represents the latest move in TX’s ongoing legal battles as it seeks to navigate the complexities of Chapter 11 bankruptcy and recover lost assets.

FTX, under the new leadership of CEO John J. Ray III, has since been intensifying efforts to recover funds disbursed before its Chapter 11 filing. It has also initiated Legal actions against various entities, which includes, Kives and his venture capital firm, K5, to reclaim significant funds.

The crypto exchange is also exploring the possibility of reclaiming funds donated to politicians, charitable organizations, and huge sums given to celebrities, such as basketball legend Shaquille O’Neal and tennis star Naomi Osaka, for endorsing the platform, without exercising due diligence.

So far, FTX officials overseeing its bankruptcy have announced the recovery of more than $7.3 billion in cash and other liquid assets that may be used to help repay creditors. FTX lawyers also announced that they had identified more than 9 million creditors, far more than earlier estimates of around 1 million.

The crypto exchange announced an updated plan of sending 90% of distributable funds it has recovered to former customers in its bankruptcy proceedings, but that doesn’t necessarily mean they will get back 90% of the money that they lost.

As the company continues in its fund recovery process, the former CEO Sam Bankman-fried faces decades in jail, after being found guilty on all seven counts in the FTX fraud trial.

He is reported to have perpetrated one of the biggest financial frauds in American history, a multibillion-dollar scheme that saw him earn the “the king of crypto”.

The prosecution presented evidence that Bankman-Fried’s crypto trading firm Alameda Research received deposits on behalf of FTX customers from the early days of the exchange when traditional banks were unwilling to let it open an account.

Instead of safeguarding those funds, as Bankman-Fried repeatedly pledged to do in public, he used the money to repay Alameda lenders, buy luxurious properties, go on expensive vacations, and made several huge investments and political donations.

Meanwhile, Bankman-Fried continues to maintain his innocence and will continue to fight the charges against him. Interestingly, three of his former friends and colleagues, including his ex-girlfriend Caroline Ellison, pleaded guilty and have agreed to testify against him in hopes of getting a reduction in their jail sentences. His sentencing has been set for 28th March next year.

Tommy Paul: A Rising Star and Hope for American Tennis

By
TI Partners
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0

In the world of tennis, where legends like Serena Williams and Roger Federer have left an indelible mark, it’s always exciting to see new talents emerge, carrying the hopes and dreams of a nation on their shoulders. Tommy Paul, a young American tennis sensation, has been steadily making a name for himself in the highly competitive world of professional tennis. With his remarkable skills, work ethic, and unwavering determination, Tommy Paul is not just a rising star but also the beacon of hope for American tennis. Do you love to follow such stories in sports? Try to use the best betting apps in Nigeria for comfortable and successful betting.

The Early Years

Born on May 17, 1997, in Voorhees, New Jersey, Tommy Paul’s journey in tennis began at a young age. Inspired by his father, who played college tennis, Tommy picked up a racket when he was just two years old. His early years were marked by dedication and a tireless pursuit of perfection. Tommy’s parents, who recognized his immense talent, supported his passion and helped him chase his dream.

Junior Success

Tommy Paul’s breakthrough came in the junior circuit, where he quickly established himself as a force to be reckoned with. In 2015, he won the French Open Boys’ Singles title, which set the stage for his professional career. His success as a junior player showcased his talent and potential, earning him a reputation as one of the brightest prospects in American tennis.

Transition to the Pros

Transitioning from the junior circuit to the professional tour is no easy feat, but Tommy Paul approached it with determination and perseverance. Despite initial challenges and setbacks, he continued honing his skills and working on his game. His hard work paid off when he clinched his first ATP Challenger Tour title in 2017, signaling he was ready to compete at the highest level.

Injuries and Resilience

Tommy Paul’s journey to the top of professional tennis had its share of obstacles. Injuries, a common hurdle in any athlete’s career, threatened to derail his progress. However, what sets Tommy apart is his resilience and mental toughness. He refused to let injuries define him and worked tirelessly on his rehabilitation. This unwavering determination has helped him recover and made him a role model for aspiring tennis players.

Breakthrough Moments

One of the most significant breakthrough moments in Tommy Paul’s career came at the 2020 Australian Open, where he reached the fourth round, making it his best Grand Slam performance. His impressive run in Melbourne showcased his all-court game, powerful groundstrokes, and the ability to compete against the best in the world. It was a moment of pride for American tennis fans, who saw a glimmer of hope in Tommy’s performance. In 2023, Tommy has a strong foothold in the ATP and is always in the world’s top twenty players.

Playing Style and Strengths

Tommy Paul’s playing style is a testament to his versatility and adaptability. He possesses a powerful forehand and a solid backhand, and his athleticism allows him to move swiftly around the court. His ability to mix up his shots and play aggressive tennis when needed, combined with his relentless work ethic, makes him a formidable opponent. His mental toughness and fighting spirit have also allowed him to return from challenging situations and win critical matches.

Off the Court

Beyond his impressive tennis skills, Tommy Paul is humble and down-to-earth. He maintains a strong connection with his family, who have supported him throughout his journey. Tommy’s commitment to giving back to the community is also commendable. He actively engages in philanthropic endeavors and uses his platform to inspire and support young aspiring tennis players.

The Future of American Tennis

Tommy Paul’s rise in the tennis world has been exciting for fans and a source of hope for American tennis. With the retirement of legendary players like Serena Williams and the aging of other American stars, the nation has been eagerly searching for a new face to carry the torch. Tommy Paul’s potential to become a consistent top-tier player on the ATP Tour makes him the future of American tennis.

Conclusion

In Tommy Paul, American tennis has found a rising star and a symbol of hope. His journey from a young boy with a dream to a promising professional player is a testament to his talent, hard work, and determination. Despite adversity, Tommy has remained resilient and strives for greatness. His success in junior and professional circuits, his remarkable playing style, and his dedication to giving back to the community all point to a bright future, giving credit to the next generations of professional tennis players. As Tommy Paul’s star continues to rise, he carries the hopes of American tennis on his shoulders, and we can only anticipate more remarkable achievements in the years to come.

Crypto Whales Top Bull Market Picks – Meme Moguls, Dogecoin, and Ethereum

By
TI Partners
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0

Crypto whales are consistently trying to diversify with high-growth altcoins to get the most value out of the market. Recently, they have paid specific attention to Dogecoin (DOGE), Ethereum (ETH), and Meme Moguls (MGLS). To see why whales selected these cryptos specifically, we will jump into their price movements and potential price increases for Q4 2023.

Summary

  • Dogecoin to see a surge in value to $0.098 by the end of Q4
  • Ethereum to see a price upswing of $2,335.71 by the end of 2023
  • Meme Moguls to 20x in Q4 of the year

The Q4 price outlook for Dogecoin (DOGE) places it at $0.098

Dogecoin (DOGE) is seeing a lot of attention from crypto whales, especially after its most recent price movements. Specifically, during the past week, the Dogecoin value saw a price upswing from $0.067197 to a high point of $0.077401.

In addition, the Dogecoin market cap is at $10,391,384,488, currently making it the 10th largest crypto and the biggest meme coin currently available in the market. However, according to the Dogecoin price prediction, it can spike as high as $0.098 by the end of 2023, and this has placed it on the radar for many whales. But it isn’t alone, as two other cryptos are also being accumulated.

Analysts Project a Major Price Upswing for Ethereum (ETH)

Ethereum (ETH) is also on the radar, and it is the world’s second-largest crypto. Currently, it has gained a significant level of attention, as in the past 24 hours, the Ethereum trading volume jumped 162%.

Moreover, during the past week, the Ethereum price moved from a low point of value at $1,786.18 to a high point of value at $2,128.61. In addition, its market cap is currently at  $252,822,136,336, and analysts project a bullish future for the crypto. Based on the latest Ethereum price prediction, it can reach $2,335.71 by the end of 2023.

Meme Moguls (ELDG) to Create an Inclusive Platform for Meme-Coin Enthusiasts to Connect and Earn

While crypto whales are accumulating Dogecoin and Ethereum, another crypto that can see a significant surge is Meme Moguls. This is an upcoming platform where traders can buy, sell, or trade memes and beat other meme traders on the leaderboards to earn even more out of the ecosystem.

The team is creating the Moguls Ecosystem, a one-of-a-kind platform where like-minded individuals can connect, no matter where they are coming from. This platform will provide a unique setting for meme enthusiasts and traders to explore different opportunities.

The ecosystem is vast and features a Stake and Earn program with its MGLS token, which can provide investors with passive income. In addition, there’s a collection of Unique NFTs alongside a Moguls Casino.

During the beta presale stage, the token is trading at $0.0019. However, it can surge by 20x by the end of Q4, and as such, has gained whale attention.

Visit Meme Moguls

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