Business
TPT Global Tech Acquires Bridge Internet, anticipated to be a Cell Phone Tower and Internet Service Provider Offering Joint Venture Opportunities to Municipalities, Cooperatives and Individuals Across Rural United States
TPT Global Tech Acquires Bridge Internet, anticipated to be a Cell Phone Tower and Internet Service Provider Offering Joint Venture Opportunities to Municipalities, Cooperatives and Individuals Across Rural United States.
About this update from Tpt Global Tech, Inc.
[{"type":"text","content":"SAN DIEGO, CA / ACCESSWIRE / March 18, 2020 / TPT Global Tech, Inc. ("TPTG, the Company or TPT Global Tech") (OTCQB:TPTW) announced today it has recently completed the acquisition of a majority of Bridge Internet, LLC. ("Bridge Internet") a Delaware corporation. The company acquired 75% of Bridge Internet for 8M shares of common stock of TPTW, 4M of which vest equally over two years. As sufficient funding is raised by the Company, defined as around $3M, marketing funds of up to $200,000 per quarter for the next year will be provided and a formal employment agreement will be created for Trip Camper. Tower industry Veteran, Founder and CEO of Bridge Internet, Trip Camper, will retain the remaining 25% of Bridge Internet and stay on as the CEO, as well as become the acting CEO of TPT Speed Connect LLC.. Speed Connect LLC's assets were acquired by the Company in May of 2019 and conveyed into a wholly owned subsidiary TPT SpeedConnect, LLC.. TPT Speed Connect is one of the largest Rural Wireless Internet Service Providers in the United States with operations in 10 Midwestern States.Bridge Internet offers a Joint Venture (JV) business model to Municipalities, Cooperatives and Individual Territory Owners throughout the United States. It currently has no revenues. As a territorial, duplicatable, wireless internet service provider, this is a unique opportunity for potential JV partners to join an incredible revenue sharing business model. It is very easy for Municipalities, Cooperatives or Individual Owners to start JV businesses with Bridge Internet to provide their communities with state-of-the-art High-Speed Internet, Voice and IPTV services. The internet is a commodity many take for granted but for those with limited access every day is an unnecessary struggle. With millions of rural Americans struggling to find a reliable internet provider, Bridge Internet will help make a difference in people's lives by providing access to online classes, healthcare, news and entertainment."The acquisition of a majority of Bridge Internet is a milestone in the continued growth of TPT Global Tech as a leading player in the wireless internet markets," "Bridge Internet coupled with TPT Speed Connect remains focused on serving the Internet infrastructure needs of our customers and strengthening our industry le...