While aiming to offer users relatively low latency and high bandwidth, the 5G network has stood out. From smartphone manufacturers to wireless operators, it remains the best alternative. However, it is more embraced by enterprises that enjoy almost all the big benefits, including using next-generation wireless technology when developing new applications. A good example is self-driving vehicles, which can only work optimally if manufacturers combine high bandwidth, low latency, and edge computing.
However, it is not just automatic vehicles that could stand to benefit from the same. On the contrary, it is a technology that can come in handy in many other applications suitable for other industries. In agriculture, farmers can ensure their plants grow optimally by analyzing the amount of water used and whether it is ideal. Besides crops, it can also come in handy when it comes to monitoring one’s livestock and managing the farm equipment. As for logistic companies, connectivity can come in handy when navigating from one port to the other efficiently. They also need to track shipping containers, which can be relatively easy with a 5G network. Last but not least, monitoring global supply chains would also become a breeze with all that the network has to offer.
The only issue that hinders its coverage is the implementation, which is usually difficult, especially in the rural areas. That’s understandable since deploying base stations in such areas wouldn’t bring much profit in the end. Consequently, base stations in such areas are usually far apart and scarce as well. On the other hand, you can’t even spot a single wireless base station in the oceans.
Consequently, Omnispace has a solution that will make implementation easy. It will involve satellites and wireless ground technology to ensure that enterprises get a 5G network and the reliable connectivity that comes with the technology. In its announcement, it has raised $60 million to facilitate this venture. Joshua Pack of Fortress Investment Group is at the center of this equity investment. Other participants include Telcom Ventures, TDF Ventures, Greenspring Associates, and Columbia Capital.
That’s encouraging especially given the company’s humble beginning. In 2012, it was simply a wireless spectrum assets holding company when it came into existence. Its main focus was the 2 GHz spectrum it bought from ICO Global after it declared bankruptcy. According to its CEO, Ram Viswanathan, who has held the office since 2016, it changed its strategy. It was in the process of deciding how to integrate its existing assets when an agreement to venture into 5G connectivity, especially IoT applications, was arrived at eventually. It is different from the SpaceX Starlink project since its focus is IoT and enterprise. On the other hand, SpaceX’s target market is end-users, consumers.https://portchronicle.com/