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Calpine Wireless, in Partnership with FiSci Technologies, to Expand High-Speed Internet Services in Northern California Using LTE Technology - MarketWatch
MADISON, Wis., March 14, 2018 /PRNewswire/ -- Calpine Wireless, a WISP (Wireless Internet Service Provider) is utilizing FiSci Technologies LTEaaS Program to expand its fixed wireless LTE network to underserved residents in several counties in Northern California.
Calpine Wireless has built an extensive LTE network across Northern California. To continue building their network and expand current internet capacity, Calpine Wireless has decided to leverage FiSci Technologies' unique LTEaaS Program. The LTEaaS Program will give Calpine the ability to acquire Baicells LTE equipment for a low, monthly cost allowing the internet provider to expand its wireless internet services at a much faster rate than previously possible.
Baicells LTE equipment uses cloud-based core architecture, has superior NLOS performance and a plug-and-play nature that gives organizations the ability to build LTE networks quickly and affordably. FiSci Technologies LTEaaS program allows operators to pay for the equipment as they grow, and comes with training and network buildout assistance to ensure optimum equipment use. Using LTE technology, Calpine Wireless will be able to deliver reliable broadband connectivity and increase its coverage area to underserved residents in Northern California.
"Calpine Wireless has been providing top of the line wireless internet services across an ever expanding network in Northern California," said Daniel Suster, FiSci's Director of Sales Engineering. "We are thrilled to support their efforts and ease Calpine's ever growing resource demands through our LTEaaS program. This enables Calpine to reach new customers with an innovative solution."
About FiSci TechnologiesFiSci Technologies is a Madison-based company that partners with educational organizations, municipalities, service providers, public safety entities, and private enterprises to provide LTE infrastructure as a service. In cooperation with Baicells Technologies, FiSci will provide the full turnkey end-to-end LTE infrastructure, 100% financed through our LTEaaS subscription program, along with the proper training. The plug-and-play nature of the Baicells all-IP LTE solution allows for quicker installations and expansion of network coverage area at a disruptive price point which is unique to the market. FiSci makes it possible for organizations and communities to quickly deploy and expand LTE networks to provide internet where it may not be readily available.
About Calpine WirelessCalpine Wireless is a fast-growing WISP located in Oroville, California. Founded in 2015, they provide Carrier Grade Internet service. Their 4G LTE Internet equipment operates in a licensed frequency, unlike competitors that use WiFi equipment. Calpine's equipment is backed by the industry leader in LTE equipment and are constantly expanding coverage areas to provide a fast and reliable Internet experience. To learn more visit: http://www.calpinewireless.com.
The Dow industrials logged a new closing high for 2016 on Monday, while the S&P 500 edged lower as losses in the materials and energy sector capped gains for consumer-discretionary shares.
The Dow Jones Industrial Average DJIA, -0.18% advanced 15.82 points, or 0.1%, to finish at 17,229.13, a new closing high for the year to date. The blue-chip index was pushed up by more than 1% gains in Boeing Co. BA, -1.04% Nike Inc. NKE, -2.87% and McDonald’s Corp. MCD, -1.01% .
The S&P 500 SPX, +0.05% which briefly went positive in late trade, slipped 2.55 points to close at 2,019.64, after settling at a 2016 high of 2,022.19 on Friday. Six of the 10 main sectors ended lower.
Consumer discretionary stocks were the best performers, highlighted by Starwood Hotels & Resorts Worldwide Inc. US:HOT in particular. An unsolicited bid for Starwood propelled the consumer-discretionary sector higher, up 0.4%, while the materials sector dropped 0.7% and the energy sector declined 0.6%.
The Nasdaq Composite COMP, +0.42% ticked up 1.81 points to finish at 4,750.28, having turned slightly higher after trading in negative territory for most of the day. Only the Nasdaq is significantly off its 2016 closing high, which is 4,903.09 set on Jan. 4.
Stocks stood their ground despite having become increasingly correlated to oil prices. Crude dropped on Monday, and one analyst says that correlation could break if oil stays within its current range. Oil prices CLJ6, +0.00% fell 3.4% to settle at $37.18 a barrel, giving up half of last week’s gains, after OPEC left its estimate on global oil demand growth unchanged.
“We’re kind of reaching toward bottom on oil, so there’s kind of a sigh of relief that a lot of the bad news has already been digested,” said Karyn Cavanaugh, market strategist at Voya Investment Management.
Cavanaugh expects stocks to be “rolling around, up and down, looking for some kind of catalyst” until first-quarter earnings reports start ramping up in April.
A drop in oil prices once again hit energy companies, while investors remained skittish ahead of a series of central-bank meetings, including the Federal Reserve.
Fed ahead: The Fed’s two-day policy meeting kicks off Tuesday, with a policy statement slated to be released Wednesday. A number of other central banks, including the Bank of Japan, Bank of England and Swiss National Bank, expected to announce policy moves sometime this week.
The central bank is widely expected to keep interest rates on hold come Wednesday, even as recent economic data support the case for a rate increase in the short term, analysts at Daiwa Capital Markets said.
“Although the equity market has calmed, financial conditions are still tighter than they were in December, when the Fed started the normalization process,” the Daiwa analysts said in a note. “The S&P 500 is down more than 2% since liftoff, and credit spreads in the corporate bond market remain close to the six-year high reached in February.”
The Fed in December raised interest rates for the first time in almost a decade, and indicated that more rates hikes were ahead in 2016 as the it looked to end a run of easy-money policies. Global market turmoil at the beginning of the year, however, has pushed out forecasts for the next rate rise.
Movers & shakers: Starwood US:HOT jumped 7.8% after receiving a takeover offer from a group led by China’s Anbang Insurance Group, threatening to upend the firm’s proposed $12.2 billion tie-up with Marriott International Inc. MAR, +0.94% Marriott shares closed up 3%.
Shares of Southwestern Energy Co. SWN, -4.80% and Chesapeake Energy Corp. CHK, +1.09% were down nearly 7%, making them the top decliners on the S&P 500.
Shares of Chipotle Mexican Grill Inc. CMG, -2.32% shares closed up 1.6% after a securities filing late Friday showed the company’s bosses now will see their pay linked to share-price performance.
3D Systems Corp. DDD, -1.81% shares jumped more than 25% after the 3-D printer maker’s revenue fell less than expected.
Other markets: Hesitation ahead of central bank meetings largely overshadowed developments in other financial markets on Monday. Asian stocks closed firmly higher, with the Shanghai Composite SHCOMP, +1.36% ending 1.8% higher, driven by a surge in property stocks.
In Europe SXXP, -1.06% stocks rallied across the board, as investors digested an aggressive round of easing measures from the European Central Bank announced last week.
Gold prices slipped, settling down 1.1% to 1,245.10 an ounce, while the ICE Dollar Index DXY, +0.17% climbed 0.4% to 96.59.
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