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WIRELESS INDUSTRY
There is no doubt . . . it's a new day in telecommunications. Wireless is the new deal and wireless companies are scrambling to exploit the Prepaid sector. Today, prepaid is the fastest growing segment in the U.S. wireless industry, supporting 15-17 million prepaid phones. Prepaid users average 1.4 top-ups every month. According to Telcom Services, prepaid revenues are expected to grow from $5 billion in 2003 to more than $20 billion in 2006. Retailers, ISOs (independent sales agents), distributors and agents that partner with Eagle Prepaid will not only have access to the large national wireless carriers, but also to the multitude of regional carriers as well, such as: Cingular, Verizon, AT&T, T-Mobile, Locus, O-Mobile, Alltel, Airvoice, CallPlus, FreeUp, Liberty, Boost, Omni, PagePlus, STI, TracFone and more. Eagle Prepaid also delivers airtime for many of the rapidly growing MVNOs (mobile virtual network operators), which are companies that purchase bulk airtime from the major carriers, then resell the airtime in proprietary consumer offerings. Some examples of this type of carrier are JusTalk, Page Plus and Locus. The wireless carriers are looking for companies with solid financial track records, excellent management and aggressive growth strategies. Eagle Prepaid has all three. Our national wireless providers cover most of the Continental US. With the Eagle Prepaid systems, clerks select a simple menu option on a terminal for WIRELESS. They are then offered menu choices for all the available wireless carriers. After entering the desired denomination, a receipt is printed containing all the required information such as PIN, Control Number, Access Phone Number, Instructions, etc. The customer loads the PIN into their handset via an automated system or Customer Service and discards the receipt. Currently, the US wireless companies sell their prepaid services through manually loaded live Pins. This is both labor intensive and subject to human error and is gradually changing. Eagle Prepaid is positioned to take advantage of carriers's on line recharge capabilities as they become available. Another noteworthy item with the major carriers is the high price of handsets. This problem is being solved by some of the regional wireless carriers through the use of low cost refurbished handsets. Eagle Prepaid has established relationships with several of these carriers and expects to have relationships with as many as 100 US wireless regionals over the next two years.
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