Horizon Communications — Wireless Internet For The Caribbean Region
We all like to sit at the computer and enjoy surfing on the Internet), but you will agree – it is terribly angry when the Internet slows, down and everything starts to go awry. Residents in Bermuda suffer greatly because of the slow Internet! All because the Internet is, unreliable and the speed is critically lacking, as old copper wires are worn out on the islands, which wear out due to strong hurricanes and corrosion of sea salt ((
And all because there is no single supplier that could meet the demand of the population, offer high-quality and fast Internet, high-definition television and telephone services!
But for the people of Bermuda there is good news, the new Internet provider (ISP) Horizon Communications – this high-speed Internet provider will be based in Bermuda and serve the entire Caribbean. They will use LTE wireless communication to deliver user communications. Their service will include Internet speeds of up to 150 Mbps in 2018 and 300 Mbps and even faster at the end of 2018 in early 2019.
In addition to high-speed Internet, they transmit high-definition television services.
Internet Protocol (VoIP) Telephone services. This wireless infrastructure will be transferred through the user software using the 4G LTE-Advanced standards.
After attracting and successfully growing capital, Horizon plans to launch a business in Bermuda in mid-2018. Using this technology, they will be distributed to the countries of the Caribbean and other countries of Central America.
It is expected that Horizon will cover with its network more than 95% of Bermuda’s houses and businesses with a small number of towers. The sea cover will cover about 15 miles from the shore. They want to build the most reliable network.
Schwartz intends to enter the Bermuda market within 5 months after the infusion of capital. At the same time, Horizon plans to cover at least 15% of the Bermuda market in 4-5 years.
Five-year financial forecasts of Horizon in Bermuda will be about 44 million dollars. The US, compared to the cost of spending about 26 million dollars. USA. Thus, the total profit is 18 million. USAThey plan to use blockchain technology in many ways. Horizon created its own unique marker based on Ethereum, which is called Horizon and is denoted by the symbol HRZN. Owners of tokens are eligible for discounts on services. In addition, they are going to divide a part of the profit with the holders of markers and execute a program for the repurchase of the marker with a partial profit. The target amount for profit distribution is 15%, and about 5% is intended for the buy-out program.
Customers will be able to pay for services using the HRZN token. Employees can also be given tokens. It is planned that the token will be available for trading on different exchanges. Blockchain will also be used by Horizon to provide a data warehouse with integrated blockchain technology. Client portals will have access to an encrypted, decentralized repository. Horizon also plans to offer VPN services or a virtual private network, also using blockchain solutions.
There is a great opportunity to improve wireless network offerings in the Caribbean region and especially in Bermuda. Current proposals in these regions can be very slow and unreliable. Most competitors can only offer speeds of 10 Mbps. A fast and reliable Internet has become important for many people and businesses. Tourism and cruise ships provide an additional opportunity for wireless Internet providers. In 2016 more than six hundred thousand tourists visited Bermuda. Horizon plans to offer services for tourists and cruise ship ports.