Iristel CEO launches decentralized wireless network Karrier One

TORONTO – Karrier One Inc., a decentralized wireless network company, announced its launch Wednesday with the close of its first financing round and a satellite connection to 10 4G nodes. The company’s network will be spread out by people and businesses owning the network equipment – as opposed to a single network operator – who act as micro nodes or hotspots that extend connectivity to other areas. The company said the technology supports traditional handsets, including the iPhone and Samsung devices, and 5G connectivity. The company, co-founded and headed by Iristel CEO Samer Bishay, said because of its decentralized nature,...