Tag: Communities

How 5G Will Bring High-Speed Internet To Underserved Communities

Most headlines about the fifth generation of mobile networks focus on the blazing-fast speeds and higher bandwidth users will see from 5G devices. But another, less hyped aspect of the new technology, which carriers began deploying in late 2019, will have an outsized impact on millions of people in the U.S. alone.

As carriers upgrade the network, people in rural areas and other broadband dead zones will gain the same access to the internet that their urban neighbors have long taken for granted.

Allen Pratt, executive director of the National Rural Education Association, said broadband connectivity would go a

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Ingenious Financial Announces Plan to Raise $10 Billion to Provide Technology to Unbanked and Underserved Communities | State

ARLINGTON, Va., April 6, 2021 /PRNewswire/ — Executives at Ingenious Financial today announced plans to raise $10 billion in capital to invest in unbanked and underserved communities.

Darnell Parker, founder of Ingenious Financial, and Derek Taylor, Chief Operating Officer of Ingenious Financial, say the $10 billion will fund the capital disbursement towards the following four initiatives:

  • $4 billion for the financial institution and holding company
  • $5 billion for technology products, smartphones, and broadband service
  • $600 million to lease nationwide training facilities
  • $400 million to hire 500 employees nationwide to train how to use a smartphone and teach financial
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