Pablo L. Nieto, Jr., the CEO of Eagle Oil Holding Company, Inc. (OTCMKTS:EGOH) presented his first corporate update after it joined the company recently. The Chief Executive stated that he is pleased with the fact the co-CEO Connie Helwig supported the acquisition of Pure Mobility International Inc.
The purchase of Pure Mobility will notably enhance shareholder value. The strength of the company is its cutting-edge technology that offers it a strong competitive advantage over its peers. The acquisition of Pure Mobility can significantly change the company’s way towards the economy of operations, technology, the Internet of Things and telecommunications.
In third week of March, Eagle Oil disclosed that it purchased wireless communications Provider Company named as Pure Mobility International Inc. The Canadian entity is a leading name in the industry of wireless services. It offers its services throughout remote locations and various markets worldwide.
Pure Mobility was established in August 2009 and is a reputed broadband wireless network operator company. Its prime objective is to provide ‘Sweratel’ Metro Wi-Fi network offerings in the most challenging aspects like smart communities, rural market, logistics hubs, and suburban, urban, and network-connected society markets.
The future ahead
The high-speed rise of mobile networks data traffic is translating into a major challenge for operators. At this time, there is need of advanced system so that the customer requirement of high data usage can be met. The numerous firms are slowly and steadily beginning to upgrade their 3G or LTE into Wi-Fi data offload services. There is higher access to the technology, applications and broadband data services. Therefore, they are included into the same broadband networks that operate the IoT.
The acquisition of Pure Mobility is the right decision taken by Eagle Oil to increase its market share in the competitive market. It can now offer instant broadband access to the extending user base of tablets, Smartphones and phablets.