Can I create my own mobile network?
Can you create your own cell phone network? Just about anybody can create an inexpensive cellular base station that routes calls all over the world. Although major brands dominate the market, penetrating part can bring returns.
Steps to Start a Mobile Company
First, write a detailed business plan including costs, strategies and profits. Next, become an authorized reseller by understanding carrier contracts. Then, obtain funding and register your business. Focus on sourcing quality phones from trusted suppliers that can deliver stocks whenever you need to replenish.
Capital Needed for Starting a Cellphone Business
Expect to invest between $20,000 to $100,000 to set up a retail shop. The investment will depend primarily on the location, initial stocks and services offered. Apply for loans if low on personal savings initially.
Building Individual Mobile Networks
Thanks to open-source software like FreedomFi, you can build private 4G LTE and 5G networks on your own. This allows creating an inexpensive cellular base station that routes calls without relying on major carriers.
Steps to Establish a Telecom Company
Major steps are deciding the type of telecom company, writing a detailed business plan, registering and naming the company, obtaining necessary licenses and funding. One can also utilize the services of a Mobile Virtual Network Enabler for consulting, applications, and managing technical infrastructure.