Developing a remote-world wireless market opportunity

65% of the world’s population remains unconnected to the internet

• Wireless can be delivered using low cost infrastructure – GSM and LTE/WiFi
• Small cell market equipped to meet needs of developing world

Market penetration limited by costly supply chain and vendor dominance

• Extensive, complicated supply chain for infrastructure = margin stacking
• Few OEMs control majority of market with operators locked into platforms
• ARPU potential not enough to justify CAPEX or OPEX provision