BandwidthX today announced a strategic investment by Orange Digital Ventures in BandwidthX, the developer and operator of BxMarket, a cloud-based real-time Wi-Fi marketplace. This investment demonstrates the priorities of the Orange Group in exploring and encouraging new forms of network connectivity and disruptive digital innovations that transform the experience of their customers. BandwidthX gains growth capital as a partner and a world-class mobile and broadband service provider. The relationship will help to develop and deploy solutions and expand the scope and reach of BxMarket.
The investment was announced today by Pierre Louette, Deputy CEO of Orange, in conjunction with Viva Technology Paris, the largest global technology event dedicated to fostering innovation and collaboration between large companies and start-ups. BandwidthX will be exhibiting at Viva Technology in the Orange portfolio company area on Friday 1 July 2016.
BandwidthX operates BxMarket, a cloud-based Wi-Fi marketplace that makes Wi-Fi networks available to third parties as a seamless extension of cellular data networks to mobile operators and enables wide-scale, practical wireless data capacity trading. Business-to-business solution enables mobile operators to precisely meet data demand by purchasing unused Wi-Fi capacity from broadband Internet service providers. By dynamically assigning capacity, using a market mechanism, and seamlessly connecting, BxMarket brings savings for mobile operators, new revenue streams for Wi-Fi providers, and improved service for end-users.
As part of that agreement, Mr. Nicolas Demassieux, head of Orange Labs, joins the BandwidthX Advisory Board. Oh, Mr. Demassieux leads Orange Labs research defining the strategy and coordinating the major research initiatives of more than 700 engineers. Previously, he was in charge of Motorola’s global wireless broadband research, where he worked to enable Wi-Fi, 3G and 4G mobile broadband, mobile Internet, mobile television and digital home services. He became one of the 9 Motorola Fellows in 2007.
Other members of the BandwidthX Advisory Board include the Nobel Laureate Economist, Alvin Roth, the current Chairman of Nokia, Mr. Risto Siilasmaa, former President of Telefónica, Mexico and Central America, and former Minister of Finance of Mexico, Mr. Francisco Gil Dá-az The Advisory Board provides valuable insights and recommendations to the management of the Company concerning business development, R&D and international expansion.
‘We are proud to have the support of Orange Digital Ventures and to welcome Mr. Demassieux to our Advisory Board,’ says Pertti Visuri, CEO of BandwidthX, ‘We look forward to working together as we continue our journey to create new paradigms for more efficient use of network capacity and increase the value of BxMarket participation. ”
Pierre Louette said: ‘With this new investment, Orange Digital Ventures confirms its commitment to support the development of digital players that are transforming the business of the network operator. The disruption introduced by the BandwidthX marketplace will create new opportunities for operators, opening up ‘infrastructure as a service’ and network aggregation to them, including countries in which they do not operate directly, while at the same time better controlling deployment costs. ”
For more information on BandwidthX and its solution, please visit http://bandwidthx. Come or follow @BandwidthX on Twitter
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About the bandwidth
BandwidthX operates a cloud-based marketplace where both mobile operators and Internet service providers can define their data capacity value in real time and are automatically matched when their values are aligned. BxMarket gives mobile operators incremental data capacity at a lower cost, while allowing Internet service providers to benefit from new revenue streams from their underutilized Wi-Fi networks. With this new form of micro-commerce, everyone in the Wi-Fi ecosystem is winning: from mobile operators and hotspot service providers to equipment and software vendors, aggregators and financial clearing companies and, of course, the end user of the device. Find out more about BandwidthX at http://www Bandwidthx: Come on,
Please contact info(at)bandwidthx(dot)com or +1 760 203 4955 for media information.
About Digital Orange Ventures
Orange Digital Ventures shall identify and fund early-stage start-ups during their initial development. With EUR 100 million to be invested, Orange Digital Ventures will continue to invest through minority holdings. The focus is on financing those start-ups working on new and future transformations in the telecommunications and digital sectors, through innovation, disruptive technologies or new business models. In particular, Orange Digital Ventures will support start-ups in the fields of new connectivity, enterprise cloud and data, the Internet of Things and Fintech from any geographical area.
http://www: Digital adventures Orange, orange Come on,
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