NextWave's "corporate overview" statement from their website.
(website : nextwavetel.com )
NextWave is in the midst of building the first nationwide, packet-switched wireless network designed specifically to provide a combination of high-speed mobile Internet access and high quality voice service. Based on the Company's operating expertise, technology, and spectrum assets, NextWave is uniquely positioned to become the first nationwide provider of third generation (3G) wireless services, including full-mobility broadband data capability.
This next-generation service will provide "always on," high quality, and highly affordable full-mobility data connections at peak data rates above 2 Mbps (average data rates of 700 kbps). The service will be available on a nationwide basis and will support a wide range of mobile devices including handheld smartphones, handheld computers, webpads, net-appliances, and laptop computers. NextWave believes that the speed and efficiency of its broadband wireless Internet capabilities will find widespread adoption by consumers and small, medium, and large businesses that are looking to extend corporate enterprise solutions into the mobile environment, thereby accelerating the convergence of computing with wireless communications.
Unlike other wireless operators in the U.S. who market their wireless products and services directly to end-users, NextWave intends to operate as a "carriers' carrier" and provide open access to its advanced 3G wireless network. As a carriers' carrier, the Company will sell its wireless services at wholesale rates to Mobile Virtual Network Operator (MVNO) distribution partners who will re-market the service under their own brand names. NextWave's unique wholesale distribution strategy will provide telecommunication, media & entertainment, retail, and financial service companies, which may have limited or no wireless assets of their own, the ability to market innovative wireless products and services under their own brand names.
NextWave's network and service offering to its MVNO partners is designed to permit full MVNO interconnection to the Company's operating platforms. This will provide the Company's MVNO partners the ability to easily connect their existing and planned voice and data switching platforms and backbone networks to NextWave's wireless facilities. This level of network integration will enable MVNO companies to customize their wireless services, offer unique value-added features and functionality, and ensure a proprietary "look and feel" of their product and customer care services (e.g., customer support, billing). In addition, outsourced third party "back-office" services, designed by NextWave, will offer a turn-key solution to MVNO partners who currently do not possess customer care and provisioning capabilities, but seek to quickly penetrate the burgeoning full mobility 3G PCS wireless voice and wireless broadband markets.
Market Opportunity
Demand for wireless telecommunications services has continued to grow rapidly since the commercial introduction of U.S. cellular telephony in October 1983. This demand is largely attributable to the widespread availability and increasing affordability of mobile telephony, paging and other emerging wireless telecommunications services.
While the demand for voice-based wireless telecommunications will continue to grow rapidly, NextWave believes the greatest opportunity lies in providing users with the ability to extend their desktop Internet experience to a broad suite of mobile devices. NextWave believes the introduction of third generation (3G) wireless network technology will catalyze the market for high-speed mobile data and Internet access. NextWave intends to utilize its 3G network to provide users with broadband mobile access to Internet content and applications, email, corporate Local Area Networks ("LANs"), Virtual Private Networks (VPNs), and a broad suite of Mobile E-Commerce (m-commerce) applications. According to the Strategis Group, an independent marketing research group, the number of mobile data subscribers in the U.S. will grow from 5.1 million in 2000 to almost 171 million by 2007. This translates into a compound annual growth rate greater than 60% during the forecast period. By building a third generation, packet-switched network optimized for high-speed mobile data, NextWave will be in a unique position to capture a significant share of this emerging market.
In addition to high-speed mobile data and Internet access, NextWave believes that wireless voice will remain an important element of its business and that the wireless voice market will continue to enjoy rapid growth. According to Credit Suisse First Boston (CSFB), at the end of 2000 wireless voice subscriber penetration in the United States was estimated to be 36.9%, with combined annual voice/data revenues of $49.2 billion. NextWave shares the view that penetration rates and total wireless industry revenues (voice and data) will continue to experience dramatic growth through 2008. For example, according to CSFB, industry penetration is expected to reach 83% by 2008 with annual industry revenues surpassing $144 billion.
Copyright (c) 2001 NextWave Telecom, Inc. |
