TMT Capital Corp. (TMTP.OB) is a 51% majority shareholder of Freedom Wireless Corporation. TMT plans to be a large telecommunications company due to this acquisition. Eventually, the Company intends to be listed on the NASDAQ.
Freedom Wireless Corporation is a wireless re-seller of cellular services. Freedom is also able to sell its services throughout the US and Canada. The company’s two Mobile Virtual Network Operator (MVNO) agreements give them the ability to sell value-priced and unlimited long distance and local wireless plans. Freedom’s plans include the branding of its services with the names ZEBRA Unlimited and ZEBRA Everywhere.
The high cost of building out network infrastructure is eliminated through the MVNO licenses. The ZEBRA plans outline that the company will be able to reach between 300 million potential customers in all of the 50 states. The US alone represents approximately 29% of the global telecom market with revenues expected to reach $167.2 billion by the end of 2011.
Since 2002, the telecom market around the world has grown 10% annually. The rapid increase in growth is due to advances in technology, affordability, rising standards of living, and increasing demand for service. TMT telecom services include both wire line telephony and wireless technologies.
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