Cleophas Toe
Delray Beach, FL (USA)
Role(s):
Founder/Owner/Principal
ACT
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Startup
Location:
Delray Beach
Industry:
Telecommunications
Year Founded:
2009
Number Employees:
1-10 people
Description:
ACT is an innovative start-up company that will provide wireless broadband Internet connections to 6 major metropolitan areas in Ivory Coast (Cote d'Ivoire) utilizing WiMAX (802.16e-2005) technology. ACT plans to expand in other cities in Ivory Coast in the future. The market for wireless broadband Internet connections in Ivory Coast is wide open. Demand for traditional broadband connections is surpassing conservative forecasts. The wireless market is even more exciting due to the significantly lower costs of delivery infrastructure. As ACT’s customer base grows, costs decrease through economies of scale creating an even more compelling argument for ACT's existence.
ACT has targeted three distinct groups.
1. Students - a market segment that uses the Internet the most and has high expectations regarding the speed and reliability of the connections,
2. Professionals - people with disposable income, little free time and a fair amount of Internet use, both personal and professional,
3. Home users - the early adopters of any type of technology and people who spend a lot of time immersed in the Internet.
ACT is a compelling business concept that leverages advances in technology to offer a market need at competitive prices. In addition to earning great margins with low infrastructure costs, the margins increase as the customer base increases. The business will earn modest profits in the first year and increase exponentially through year five.