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TPT Global Tech's Latin American Partner New Orbit Technology Signs Deal to Launch First 5G Network in Central America
TPT Global Tech's Latin American Partner New Orbit Technology Signs Deal to Launch First 5G Network in Central America.
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[{"type":"text","content":"\nSAN DIEGO, Feb. 14, 2019 (GLOBE NEWSWIRE) -- TPT Global Tech (OTCQB:TPTW) announced today that its Latin American technology licensing and JV partner, New Orbit Technologies Central America (NOTCA), completed a deal with Antonio Safie, owner of SALNET Telecommunications El Salvador (www.salnet.com) to launch the first 5G network in Central America. SALNET currently owns the 3.5Ghz frequencies or spectrum, owns and operates 500 miles of fiber optics, and a wireless network infrastructure throughout El Salvador. Once the 5G network upgrade has been completed in El Salvador, utilizing the current existing frequencies, fiber and wireless infrastructure, SALNET and NOTCA will offer to its customers unlimited bundled TV, voice, data and mobile services operating on TPT Global Tech's 3D smartphone, media content, telco network and SaaS technology platforms. TPT Global Tech and NOTCA will share revenues generated in Central America pursuant to the licensing agreement between the two companies.\n Antonio Safie was the recipient of the 2016 National Tourism Award, for his long history in the hotel industry, boosting the tourism industry and creating green tourism projects by converting the Sheraton Presidente Hotel into the first green hotel through the use of solar panels to produce energy and promote environmental conservation. In 2017 he received the \"El Quijote\" Award from the National Association of Industrialists of El Salvador for Rayones de El Salvador, his textile factory, in business for 54 years. Mr. Safie is the Honorary Consul of Cyprus in El Salvador. Mr. Safie and his family own over 12 companies in El Salvador with well over 1000 employees, most relevant to mention: Rayones de El Salvador, a textile company producing natural and synthetic fiber, Seguros del Pacifico, an insurance company (leader in bonds), Megavision Group, which has 6 television channels (15, 19, 21, 61, 63, 65), 2 national radio stations (97.3 FM and 107.7 FM), and 6 local radio stations, Sheraton Hotel Presidente, BOSH Investments a real estate development company, FERSA a manufacturer of ribbons for shoes and elastic bands and SALNET Telecommunications. Mr. Safie is currently developing a $75 million real estate project which will offer office space and a shopping mall in the city of San Salvador.   \"Executi...