Decentralizing telecom benefits small businesses and telcos — Web3 exec
Small businesses and telecom giants gain financially from decentralizing infrastructure, Nova Labs chief operating officer Frank Mong said.
Decentralizing telecommunication networks financially benefits small businesses and telecom corporations alike, according to Frank Mong, the chief operating officer (COO) of Nova Labs, the founding team behind the Helium wireless decentralized physical infrastructure (DePIN) network.
In an interview with Cointelegraph at Consensus 2025 in Toronto, Canada, Mong said that small businesses including bars, restaurants, convenience stores, and other local operators can generate revenue by hosting wireless hotspots and expanding network coverage.
Large telecommunication companies and service providers can also tap into the Helium Network’s telemetry to reduce operational costs and expand network coverage in dead zones.
