Vasilis Pasparas

Kos (GRC)
Role(s):
Founder/Owner/Principal

Aegean Wireless Networks Ltd

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Location: Kos
Industry: Telecommunications
Year Founded: 2011
Number Employees: 1-10 people
Business Stage: Creation/Idea
Entity Type: Incorporated Outside United States
Description: Aegean Wireless Networks Ltd ((URL removed)) is an innovative start-up company that will provide areas throughout Kos Island, Greece with exceptional access to Wireless Broadband Technology, city-wide Public Wi-Fi and related services. The Company, by utilizing the latest cutting edge Wi-Fi technology (In partnership with Proxim Wireless - (URL removed)) and the use of proprietary antennas and repeaters, will provide Wireless Broadband Access Services to large areas currently underserved and unserved by existing providers. The combined knowledge and experience gives us the incredible confidence needed to accomplish this business venture. Wireless communications is one of the most important sectors of our economy and one that touches the lives of most people. Although in use for several years, the market for broadband Internet is still wide open. In the Wireless Broadband marketplace, the pace of change over the past decades has been extraordinarily rapid and has delivered new and empowering technologies to consumers and travelers visiting the Island. The demand for broadband connectivity is surpassing all conservative forecasts, the wireless broadband market has proved even more exciting due to the significantly lower cost for the delivery infrastructure, and we anticipate the opening of a new frontier for innovation. Wireless networks do not require the high capital expenditures mandated by wired networks and the return on investment is relatively quick. As Aegean Wireless Networks's customer base grows, the associated costs decrease, creating an even more compelling argument for Aegean Wireless Networks Ltd's existence. Aegean Wireless Networks Ltd has targeted six distinct groups. * The first group, students, are a market segment that use the Internet the most and have high expectations as to speed and connectivity. * The second group, professionals, are people with disposable income and not a lot of excessive time on their hands. This group uses the Internet a fair amount, both personally and professionally, with the amount of time spent online growing daily. * The third group, techies, are the early adopters of any type of technology and spend innumerable amounts of time immersed in Internet technology. * The fourth group would include those with limited connectivity, or those limited by their geographical area that do not currently have access to broadband technology. * The fifth group, businesses, is constantly on the lookout for ways to boost productivity while trimming overhead costs. * The sixth group is travelers coming to the Island during the summer period. Currently the Island caters to 800.000 people during the period of April to end of October. Research shows that by the end of 2014, almost 70% of business travelers will use Wi-Fi availability as a factor in deciding where to stay. With such a large and varied audience, there is still plenty of room for new Internet businesses. The widespread adoption of High-Speed Internet Access is especially important to note: The use of Broadband is one of the driving factors behind a new wave of Internet technologies—and companies that take advantage of those technologies. Aegean Wireless Networks Ltd offers a compelling business concept that leverages advances in technology and other proprietary tools to offer a market need below current market prices. In addition to potentially earning great margins with low infrastructure costs, these margins increase as the customer base increases. This exciting business plan has a high likelihood of success with the combined talents of the group responsible for it. The business expects modest profits through the second year with exponential increases in the years following. 2. Keys to Success / Competitive Advantage Aegean Wireless Networks Ltd combines the unique qualifications of six individuals who, through knowledge and experience, are confidently able to provide a better service at a better price in areas previously unserved and underserved. The Company believes its customers are its future and has a strong focus on the wants and needs of the consumer. 3. Financial Forecast Aegean Wireless Networks Ltd expects sales to grow exponentially at onset as their unique product and pricing will attract a customer base previously ignored. The Company projects modest earnings through the second year with an almost unlimited earning potential thereafter. 4. Capital Required / Financing In order to achieve its goal of providing high-speed wireless service to areas with limited availability, the Company requires capital for €800.000 which will provide the funding for the equipment, inventory and expenses necessary to properly launch a successful initiative while keeping a reserve for future sales. 5. Conclusion Wireless Broadband Access is not uniform across rural and urban areas and any shortfall in Broadband availability is an implicit loss in economic opportunity for businesses, consumers and governments. Aegean Wireless Networks Ltd envisions a future where those in rural areas are not left out of the high-speed arena and where those with limited incomes are able to afford high-speed Internet access. In beginning this journey, the Company plans to facilitate widespread Wireless Broadband and Wi-Fi availability, which will promote growth in rural areas to expand areas such as Education, Healthcare and Business. The resulting benefits of widespread wireless broadband Internet easily creates a better quality of life for those involved and Aegean Wireless Networks Ltd is ready to provide a solution to the needs of those without broadband access as well as those wanting a lower priced solution.