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LocaLoop is a cloud-based broadband Internet service provider that connects rural communities to the Internet.
The City of Kermit, Texas has connected with LocaLoop to make world-class broadband available to all of your homes and businesses.
TAP Financial Partners is a privately owned boutique commercial bank that provides advisory, restructuring, debt and equity fundraising, compliance, and listing advisory services to a select group of small and medium-sized businesses.
LocaLoop’s deal with rural West Texas community expands its synKro broadband internet service to Fiber to the Home users and small businesses
— Carl-Johan Torarp, Founder and CEO of LocaLoop
KERMIT, TEXAS, UNITED STATES, January 30, 2023 /EINPresswire.com/ — LocaLoop Inc. announces a partnership that brings world-class broadband to every home and business in Kermit, TX.
LocaLoop has signed a 20-year right-of-way license agreement with the City of Kermit to add fiber to the home (FTTH) and small businesses to complement its existing synKro™ proprietary 5G fixed wireless broadband Internet service. By applying this “last mile” dual path model, the company is able to meet the government’s goal of providing ubiquitous coverage in and around the rural community of Kermit.
Working through its Field Operations Office in Kermit, TX, the contract builds on a successful operation with high customer satisfaction over the past two years providing synKro broadband Internet service wirelessly.
“We are excited about the opportunity to further expand our presence in Texas and beyond,” said Carl-Johan Torarp, founder and CEO of LocaLoop. “I look forward to working together with the city’s public works department to implement the network over the next 2-3 years. We are future-proofing the existing synKro-branded broadband internet service by incorporating FTTH, which offers low latency and speeds of up to 1 Gbps and above, ideal for any modern web application or cloud services.”
“Reliable and affordable high-speed internet is just as important to families and businesses in rural communities as anywhere else,” said Kermit City Manager Frankie Davis. “We look forward to working with LocaLoop and its synKro broadband Internet service, which will allow us to expand our economic development activities by attracting new businesses and people to the city, as well as offering high-speed Internet connectivity to citizens already living and they work here. .”
“We are bringing Kermit into the era of digital transformation, removing all geographic barriers in the world. The innovative synKro automated cloud service makes this a reality for us and at no cost to the city. In fact, when subscribers use the service, we get recurring revenue on a monthly basis,” said Kermit Mayor David Holbrook.
LocaLoop has affiliated with TAP Financial Partners to provide commercial banking and investment services to further its growth agenda nationwide.
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About the city of Kermit
The city of Kermit is the county seat of Winkler County in the US state of Texas. As of the 2020 census, its population was 7,791. The county is part of the “Permian Basin” oil and gas field, with a century of history of oil and gas production. The county was created in 1887 and organized in 1910. It is named for Clinton McKamy Winkler, a colonel in the Confederate Army.
About LocaLoop
LocaLoop is a cloud-based digital communications service provider (CSP) bridging the broadband Internet service gap for rural markets in the US. It is the first cloud-native service provider to deploy and operate Rural community-based turnkey broadband internet networks with proprietary 5G fixed wireless technology on CBRS spectrum and Fiber to the Home (FTTH) in a dual-path model for last-mile connectivity.
Specifically invented to serve rural markets, LocaLoop’s proprietary cloud technology platform eliminates legacy commercial software across on-premises, data centers and IT staff, network operational center, network capabilities core and enables a profitable business case while delivering an optimized broadband Internet user experience for subscribers. .
LocaLoop’s state-of-the-art direct-to-consumer (D2C) delivery solution is equally applicable to Business to Business/Government (B2B/G) partners. It is highly automated with cloud defined networking (CDN) and AI capabilities, distributed intelligence, network functions virtualization (NFV), service creation, remote provisioning and management and diagnostics, managed home Wi-Fi networks, customer support and electronic invoices. within Microsoft’s Azure highly secure public cloud. The synKro™ branded broadband Internet service is fully automated and allows subscribers 100% control, and subscribers can customize and turn on or off services on demand in real time. Delivered without data caps, throttling, overage charges, and bundles at an affordable, fixed, prepaid monthly subscription price for delivering the modern, media-rich web applications and cloud services that consumers, enterprises, and government users want.
ABOUT TAP
TAP Financial Partners is a privately owned boutique commercial bank that provides advisory, restructuring, debt and equity fundraising, compliance, and listing advisory services to a select group of small and medium-sized businesses. His financial background and decades of collective experience position him to make a difference for clients, regardless of assignment or mandate.
To learn more about services and impact, connect at www.tap-partners.com or [email protected].
TAP Financial Partners and TAP IDEA (www.tap-idea.com) are not registered with FINRA or the SEC as broker dealers under the Securities Exchange Act of 1934, as amended (“Exchange Act”). Any regulated activity must be executed through a registered stockbroker.
stu oppermann
TAP Financial Partners
+1 954-815-2303
[email protected]
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With TAP’s advisory services, small and medium-sized businesses can now access the same level of corporate finance expertise as larger, more well-resourced companies.
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