South Africans by expanding their potential and opportunities in life with affordable , accessible internet to even the most inaccessible areas through their brand UMOYA !
Grow Legacy Capital - a private equity firm that allows the average South African to invest in four niche markets , namely ; property , agriculture , renewable energy and telecoms , has acquired a limited number of shares in Connecting Lives to offer to the public . “ Our acquisition of Connecting Lives™ is an exciting milestone for Grow Legacy Capital as it is our first significant investment in the telecoms sector ,” says Terance Richardson , Co-Founder and CEO of Grow Legacy Capital .
“ Our company ’ s core focus is to make the unattainable attainable and this is why we created a fund that gives wide access to opportunities in previously restricted or monopolised sectors , and empowers local start-ups and initiatives with the capital to grow and improve the wider economy ,” says Richardson .
HOW IT WORKS
By using TV white space technology , the Connecting Lives™ technology makes use of existing infrastructure currently present in most areas . The internet connection does not rely on expensive underground infrastructure and cables .
1 . UMOYA ! provides low cost Internet using Connecting Lives™ ’ wireless-spectrum technology which has been proven to provide better Internet in rural areas than any other wireless technology in the market .
2 . Connecting Lives™ wireless technology uses idle broadcast spectrum on a secondary basis to bring broadband connectivity . This type of technology provides a cost-effective solution to supply affordable internet connectivity to rural and underprivileged communities .
3 . Globally , multiple wirelessspectrum projects for commercial applications
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