Money today is literally worth more than it will be in the future in terms of what it will buy you. In 1985, before you drove to the supermarket to buy a liter of milk for 52 cent per liter, you would complain about spending 75 cent per liter to fill up the tank of the car you had just purchased for €7,500. Today, milk costs an average of €1.00 per liter, you are more than happy to spend €1.29 per liter at the pump, and buying a new car will put a €27, 500 dent in your bank account. You can largely thank inflation for this.
But inflation isn’t entirely to blame for rising costs nor does it explain why in 1985 the average home in Dublin sold for € 50,000 whereas today the median home price in the city has now risen to €350,000!! There are countless reasons why costs skyrocket with time, including popularity, world events, diminishing resources, natural phenomena, technology, etc.
With ever-increasing speeds, accessing the web from your mobile device has become even more convenient and sometimes faster than using your home computer. This is the type of technology that brings “mobile” lifestyle to the next level, giving us the ability to do anything from anywhere.
For years smartphone ownership has been on the rise, with 80% of adults owning at least one smartphone and spending about 11 hours a day with electronic media. Without network expansion, this increase in data demand can negatively affect the performance of your smartphone by reducing speeds. We can probably all agree, it is extremely frustrating trying to visit a page or watch a video and the data just isn’t working. We want our internet to be faster; we need our internet to be faster. Our everyday lives changed after the introduction of 3G technology and mobile data usage, and with the spread of 4G LTE, life will just get better. So what makes 4G LTE so great?
Advances in the telecommunications industry have seen significant changes over the past twenty years. It has become the norm to carry out day- to- day functions while on the move, such as shopping, banking and communicating by email and social media. The use of mobile technology in this way was unheard of twenty years ago.
In some respects the manner in which telecommunication services are provided has not changed all that much over this time. Mobile technology still relies on a network of telecommunication base station sites to provide service. However, what has changed significantly is the technology used to provide service.
As a property owner with a telecommunication base station site located on your property, has your lease evolved over the past twenty years to reflect changes in the market? In order to answer this question weI will analyse a number of terms found in a standard telecommunications lease: