Zambian start-up Massnet Innovation Solutions is said to be seeking an investor with a view to enabling it to deploy an LTE network. According to CommsMEA, Massnet, which is headed by local entrepreneur Rabson Lungu , acquired an LTE licence in August last year, with the concession giving it spectrum in the 2.6GHz band.
Mr Lungu was cited as saying that his company was seeking a ‘serious stakeholder’, and it is understood that Massnet is open to a partner taking a majority shareholding.
LTE is a 4G wireless communications standard developed by the 3rd Generation Partnership Project (3GPP) that’s designed to provide up to 10x the speeds of 3G networks for mobile devices such as smartphones, tablets, netbooks, notebooks and wireless hotspots. 4G technologies are designed to provide IP-based voice, data and multimedia streaming at speeds of at least 100 Mbit per second and up to as fast as 1 GBit per second.