Access Menu

Log in via Social

Log in with LinkedIn
SpeedNet, LLC.

SpeedNet, LLC.

The first satellite-based LTE-5G network to Africa.

Verify Investor Status to make a reservation

Company Overview

THIS IS A SECURITY OFFERING UNDER REG. D 506(C) ONLY FOR ACCREDITED INVESTORS. (foreign investors are exempt from this rule). ALL SUBSCRIPTIONS GO TO ESCROW ACCOUNT, AND WILL BE REFUNDED IF NO MINIMUM HAS BEEN RAISED ON OR BEFORE 20/02/2020. DETAILED MEMORANDUM ENCLOSED.

For the last 20+ years, my company has provided satellite connectivity throughout Africa and other emerging economies. We have served private, public, military, and government customers. We design, construct, activate, maintain, and monitor systems for 7/24/365 satellite connectivity.

About 3 years ago, while on a trip at Bamako, Mali, I needed to stay in-touch with my company's New York office. The only option available was to buy data from a local operator which was extremely expensive and slow to browse. Throughout my business trips in Africa, I experienced similar low quality of subscribed service from operators in other countries including: Sierra Leone, Liberia, Guinea, Guinea Bissau, Bennin, Senegal, Ivory Coast and others. After speaking with my local agents and representatives, I realized that there is a market in West Africa for high quality cellular data service and that users would gladly pay a premium for it relative to the status quo. Furthermore, offering high-speed data to mobile users will allow them to use popular voice applications like: "whatsapp", "Viber", "Skype" to save on the charge for billable minutes by local providers.

Leveraging the technologies and intellectual property that my company had developed, I found an economical solution to use a satellite-based backhaul capability to provide an advanced wireless LTE network to service mass users with speeds of 10-15 times faster than the local services that rely on an old 2G & 3G technology. Moreover, we can provide these advanced LTE services at or below the current market rates. In addition to that technological advantage, my company also brings an understanding of the local market as well as personal connections and exclusive licenses with local governmental authorities.

In support of this revelation, a new company was formed, SpeedNet, LLC., to realize the full potential of this this opportunity.

KPIs

4,900 Users
12 Employees
$3,000,000 Sales
20% ROI
Cash Flow Positive

Traction

  • The operator's license was granted by the government of Nigeria to "MM Telcom Global, Ltd." a subsidiary of SpeedNet, LLC. 01/15/2019

    July, 2019
  • The operator's license was granted by the government of Mali to the "HTI, S. A." a subsidiary of SpeedNet, LLC., that has 4,900 customers.

    March, 2019
  • The operator's license was granted by the government of Sierra Leone to the "Ignite" (SL) Ltd. network. a subsidiary of Speednet, LLC.

    January, 2019

Testimonials

Major Lee Keliy
Major Lee Keliy
Communications Officer / British Army
"During the last 3 years, The International Military Advisory and Training Team (IMATT) has been widely dispersed across the country, necessitating a spread of communications that is beyond the capabilities of the mobile telephone companies in Sierra Leone. My predecessors approached a number of satellite providers to ascertain whether or not a cost-effective internet solution could be achieved and MM Telcom Corporation was selected as the best option to provide the solution. "
Wayne A. Morra, Ph.D.
Wayne A. Morra, Ph.D.
Associate Professor of Economics.
"As the MMTelcom homepage clearly states: MMTelcom provides an uninterruptible VSAT internet service. The installation of MMTelcom’s VSAT Internet System designed to serve our study abroad academic program in Malabo, Equatorial Guinea was handled in a timely and professional manner. The system has performed well since it was installed three years ago. It's easy to use and we've had no problems. The system has performed well since it was installed three years ago. It's easy to use and we've had no problem"
Anthony Siakor
Anthony Siakor
IT Director, Cuttington University (Liberia)
"Cuttington University has been subscribing its Internet Service from MM Telcom since July of 2005. Besides Internet subscription, MM Telcom has been providing technical assistance and equipment recommendations to us in building the telecommunication infrastructures for our institution. Over the years, MM Telcom has demonstrated a high level of efficiency, competency, and an excellent rapport with our institution. They are exceptional when it comes to troubleshooting to reduce our down time."
Major A. J. Gray
Major A. J. Gray
Advisor CIS
"To ensure the International Military Advisory and Training Team (Sierra Leone) (IMATT(SL)) can function to its full potential it is critical that it can rely on stable, comprehensive and modern Satellite Communication (SatCom) system for both administrative and operational applications. the professional and prompt support MM Telcom Corporation provides has ensured IMATT(SL) has received excellent service throughout the duration of my year in country. I am in no doubt that we have the most functional system."
Loading...