Telefónica and Nova Labs Partnership for Helium Mobile Hotspots in Mexico
Nova Labs, the creator of Helium Network, has partnered with Telefónica to launch Helium Mobile Hotspots in Mexico. This collaboration aims to improve mobile coverage for select customers in Mexico City and Oaxaca.
Enhancing Mobile Coverage with OpenWifi Standard
The joint solution is based on the OpenWifi standard developed by the Telecom Infra Project. Movistar customers in Mexico can use their SIM cards for authentication to access the Helium Mobile Network. Telefónica monitors hotspot status before granting access and data downloads over the network.
Potential Expansion to Other Countries
If successful, Telefónica plans to incorporate the Helium Mobile Hotspots into its portfolio of mobile networks across different countries in the region. This partnership has positively impacted the value of Helium’s native token, HNT, which experienced a 21% surge following the announcement.
Helium Network: Decentralized Wireless Connectivity
Helium Network is a decentralized wireless network that utilizes blockchain technology to provide connectivity for IoT devices. Users can deploy and operate wireless hotspots on the network and earn HNT cryptocurrency rewards for providing network coverage.
Hot Take: HNT Price Surges After Telefónica Partnership Announcement
Following the partnership news, the price of HNT jumped over 21%, reaching $7 according to CoinGecko data. This collaboration between Nova Labs and Telefónica highlights the growing importance of expanding mobile coverage using innovative solutions like Helium Mobile Hotspots.
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