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Data On Tap Inc. secures initial seed financing

Data On Tap Inc. secures initial seed financing (MVNO) Canada

Data On Tap Inc., the company behind Canada’s newest all-digital wireless provider (MVNO), dotmobile™, announces the opening of Toronto office and two strategic partnerships after securing initial seed financing round.

Data On Tap Inc. secures initial seed financing

Here’s some context for you guys to understand what this means.

“A mobile virtual network operator (MVNO), the virtual network operator (VNO), or mobile other licensed operator (MOLO), is a wireless communications services provider that does not own the wireless network infrastructure over which it provides services to its customers.”

Source: Wikipedia

What does that mean for Canadians?

“Affordability is disproportionately affecting seniors, youth, families, new Canadians, visitors to the country, small businesses, BYOD users in general. We won’t fix everything in the market (i.e. we are leaving all the $0 phone market to current players), and there will be other purposefully built tiny telecoms (MVNOs) that do something different. Competition is coming.”

This likely means lower rate plans, more customizable options for people and the ability to really get a better handle on what you need as a mobile telephone service.

“Less than thirty days after our brand concept launch, we are happy to announce that we’ve secured our initial seed investment. We’ve reached our funding target a full month earlier than planned and we now have a clear path to launch dotmobile’s application in beta by this fall, and full wireless service in 2020. Support from the Canadian government through the Innovation, Science and Economic Development Canada (ISED) directive and presumptive CRTC policy changes have cleared a path for tiny telecoms, companies like us. We are excited to showcase our unique vision to Canadians and solicit their input a full year ahead of our launch in 2020 at our website,” says Algis Akstinas, CEO of dotmobile™.”

“We will have equal or better coverage than Rogers or Bell or Telus. We will have connectivity intelligence to tell customers before they join us what service to expect. We are member-powered and intend to crowdsource and machine learn the data.”

“The wholesale market is currently available for big telecoms with infrastructure. Last week the government and CRTC, both in the same week released decisions that will change that. Any WSP next year will be able to buy access to mobile networks/towers as per https://crtc.gc.ca/eng/archive/2015/2015-496.htm at the mandated rate https://crtc.gc.ca/eng/archive/2018/2018-99.htm. Our strategy is not to drive down the market, but create value for mobile network partners by offering a differentiated business model. Big and good changes are coming for mobile users in Canada. We are about to see a lot more options when it comes to smartphone mobile service. Better, plans, more data, lower cost and increased competition on the market.”

Data on Tap Inc. is building dotmobile™, Canada’s newest wireless provider, a smart tiny telecom with a simple goal – to make wireless more affordable and awesome. Canadians now have a chance to contribute to the development of innovative, affordable wireless service by backing tiny telecoms.

About Martin Guay

I write, talk about technology, gadgets, the latest Android news as much as any other fellow geek, nerd, enthusiast does. I work in the IT field as a System Administrator and I enjoy gaming when possible. I'm into plenty of things and you can usually find me around Ottawa, Canada!

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