A Push to Make Your Journeys More Connected

Surely, there are many different things that enhance the human experience over time, but if we are being honest, nothing quite does the job like our ability to get better on a consistent basis. You see, when an individual is able to achieve growth under all possible situations, they eventually guide themselves towards some huge milestones along the way. Talk about these milestones, each one also seems to bring a unique value into our lives. Despite that dynamic, however, we are still yet to see anything as unprecedented as technology. While the reason why technology gets to stay a cut above the rest is largely centered upon its skill-set, we cannot ignore the importance of how those skills were used to impact an entire spectrum, and consequentially, turn us into a tech-driven society. Interestingly enough, though, even after we got there, the revolution didn’t stop. It has, in fact, grown stronger over time, and looking at one recent MTA announcement, we should only expect more out of it moving forward.

The Metropolitan Transportation Authority has officially announced a plan to wire all 418 miles of underground track underneath the New York city with wireless connectivity. According to certain reports, Transit Wireless, the company that operates the MTA’s existing underground WiFi network, will build the required infrastructure to facilitate this operation. Furthermore, it will also bear the entire cost, which is expected to be over $600 million, as a part of an ongoing public-private partnership between the two entities. While the main focus is certainly on the underground side of things, the agreement also promises wireless connectivity to MTA’s 191 aboveground stations, as well as 21 Staten Island railway stations. Notably, the project will not cause any explicit disruption around the day-to-day flow of services. Instead, MTA will carry out all the installments during those stretches of scheduled maintenance.

“Riders are eager for more connectivity,” said Danny Pearlstein, a spokesman for Riders Alliance, a grass-roots organization of transit riders. “Expanded cell service will make the subway feel safer and make it easier to get work done and keep in touch while on board.”

Going by the agreed terms, Transit Wireless will look to earn a return on its investment through mediums like licensing fees, monetization of data analytics and leasing out fiber-optic cables for network providers. Once the company has recouped the whole $600 million lot, it will become obligated to redirect 20 percent of the total revenue to the MTA. This slab is expected to remain applicable for at least six years before going up a notch to 40 percent. All in all, MTA is looking at $400 million in total benefits — including revenue and cost savings.

Share

Related

Addressing the Need of the Hour

Human evolution triggers many discussions on day-to-day basis, but...

The New Business Dynamic of Platforms and Networks

In a business environment with accelerating rates of change,...

Wiki Finance Expo Hong Kong 2024 Is Coming in May!

Regulation, Forex, Crypto, Web 3.0, NFTs, Metaverse, ESG, AI...

The Timeless Pursuit

The ambition of a man knows no limits. Just...

An Assorted Attempt to Make Your Contact Center Operations Access Unprecedented Performance

TCN, a leading provider of cloud-based contact center solutions,...

Imperva launches Sonar for unified enterprise security analytics

Cybersecurity cloud company Imperva launched its Sonar platform in...

Ambi Robotics Raises $32 Million in Additional Funding; Plans to Expand Product Portfolio and Workforce

Human beings have always boasted a wide range of...

Five Trends Are Driving Continued Automation Growth

Over the past few years, businesses have rushed to...

An Opportunity for Growth

Even though it’s somewhat of a universal fact that...

New-Age Believers

One lesson we have learnt time and again is...

Latest

No posts to display

No posts to display