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.
Financial decentralization 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.
Speaking to 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.
Larger 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.
"It costs about $300,000 for a telecom company to stand up one tower, and you need one per block for 5G to work effectively," Mong stated. The executive added:
Decentralized physical infrastructure networks continue to be an example of how blockchain technologies can provide real-world value and make existing infrastructure more resilient to outages, disruptions, censorship, and critical failure.Helium secures collaborative partnerships with telecom corporationsIn January 2024, Nova Labs announced a collaborative partnership with Latin American telecommunication company Telefónica to expand the telecom company's coverage in dead zones and help reduce network congestion.
More recently, in April 2025, Helium partnered with AT&T — a global telecommunication giant — to allow AT&T users automatic access to the Helium Network when in range of the network's coverage area of mobile hotspots.
Data from the Helium Network shows that the United States currently has the highest concentration of the network's 95,272 mobile hotspots. Additionally, Helium has 284,053 active Internet of Things (IoT) hotspots around the world.
"Ultimately, what we did in the United States and Mexico should be global," Mong stated.
Nova Labs is currently focused on expanding coverage through securing collaborative partnerships with telecommunication infrastructure providers in new regions, the executive added.
