BOOM: Triad 3 million homes=Potentially result in generating over 140 Million dollars revenue stream for VIVA.
Under terms of this agreement, Triad Wireless agreed to deploy, market and distribute Viva's OTT content, products and services to its commercial and residential clients. Triad Wireless and its affiliates have a nationwide distribution network that delivers an Internet connectivity services to over 3 million homes and now will have access to all Viva Live OTT services including movie rentals, radio and an international pay per view programs such as concerts and sports events.
Viva Entertainment Group's CEO, Johnny Falcones comments, "This strategic alliance provides Viva with the access to the Triad Wireless's extensive network of commercial and residential clients which can potentially result in generating over $140,000,000 (140 million dollars) revenue stream, consisting of monthly subscription fees, advertising fees and movie rentals. This agreement will speed up the introduction and adoption of the Viva OTT platform nationwide. Personally, I would like to congratulate Triad Wireless on launching the first in the world, 200 Mbps commercial and residential Internet service and look forward to working closely with Triad Wireless in order to realize the full potential that this partnership and collaboration presents for both companies. This is a key milestone in terms of Viva's content and product distribution strategy, market expansion, technology validation and creates a direct path to the significant revenue stream."