Investor Dashboard
Key financial KPIs at a glance — % against revenues in QuickBooks-statement style.
Revenue Mix · % of Top Line
Cost Structure · % of Operating Cost
Use of Funds · % of $30M Raise
Problem & Solution
5G FWA broadband at 60% the cost of fiber, deployed in 90 days vs 18 months
The Problem
Tier-2 and Tier-3 European cities are structurally underserved by fiber — incumbent ROI doesn't justify trenching costs in markets under 250K households. The result: 18M EU households are stuck on copper DSL at <50Mbps while paying €35+/month, with no competitive alternative.
Our Solution
A fixed-wireless access network leveraging 3.5GHz mid-band spectrum to deliver 500Mbps+ symmetric broadband at €29/month. 90-day metro deployment vs 18-month fiber buildout. Self-install customer-premise equipment, automated service activation, and no truck rolls for 95% of installs.
Market Opportunity
€42B EU Broadband addressable today
FWA segment growing 31% CAGR · displacing copper DSL in underserved metros
Consumer broadband subscriptions (€29–€59/mo, 24-month average tenure) and SMB symmetric plans (€89–€249/mo). Self-install reduces unit acquisition cost by 65% vs incumbent truck-roll model. Wholesale capacity to MVNOs as secondary revenue.
Financial Statements · % vs Revenue
QuickBooks-style readout — every line shown as percentage of its parent total.
Revenue Mix
| Revenue Stream | % of Revenue | Share |
|---|---|---|
| Consumer Broadband | 70.0% | 70% |
| SMB Symmetric Plans | 18.0% | 18% |
| Wholesale to MVNOs | 7.0% | 7% |
| Value-Added Services | 5.0% | 5% |
| Total Revenue | 100.0% | 100% |
Cost Structure
| Cost Line | % of Cost | Share |
|---|---|---|
| Spectrum Licensing & Lease | 22.0% | 22% |
| Tower / Backhaul | 20.0% | 20% |
| Customer Acquisition | 18.0% | 18% |
| Engineering & NetOps | 15.0% | 15% |
| CPE Hardware Subsidy | 12.0% | 12% |
| G&A | 13.0% | 13% |
| Total Operating Cost | 100.0% | 100% |
Use of Funds — $30M Raise
| Allocation | % of Raise | Share |
|---|---|---|
| Network Expansion (24 new cities) | 45.0% | 45% |
| Spectrum Acquisition | 22.0% | 22% |
| Engineering & Software | 15.0% | 15% |
| Customer Acquisition | 12.0% | 12% |
| Working Capital | 6.0% | 6% |
| Total Use of Funds | 100.0% | 100% |
Traction & Proof Points
- 84K paying subscribers across 12 European Tier-2 cities · 8% MoM net add growth
- €19/customer monthly margin · NPS 64 vs incumbent benchmark 21
- Median install time 3 days from order vs 18-day incumbent baseline
Moat & Exit Strategy
Defensible Moat
First-mover spectrum licenses across 36 European Tier-2 cities create 5–8 year exclusivity windows competitors can't replicate. Software-defined network ops reduce per-subscriber cost 40% below incumbent baselines. NPS gap (64 vs 21) drives organic acquisition lowering blended CAC vs telco peers.
Exit Path
Strategic acquisition by a European tier-1 telco (Deutsche Telekom, Orange, Vodafone) absorbing the subscriber base + spectrum, or sale to a satellite-broadband platform seeking terrestrial network, within 5–7 years at 6–9x revenue.
Key Risks
- Spectrum regulator policy shifts affecting 3.5GHz allocations
- Incumbent fiber overbuild in markets where FWA proves the demand
- CPE hardware cost volatility tied to chipset supply