Solidus Communications Inc (SLDC) is a pre-revenue telecommunications company operating under the Telco Cuba, Inc. entity that is developing prepaid mobile voice, VoIP, and calling card services targeting the Cuban-American demographic in the United States. The company was incorporated in Nevada on August 10, 2007 and transitioned from an early-stage mining and exploration entity to its current telecommunications focus following a share exchange with Amgentech, Inc. completed on June 12, 2015. Revenue had not been generated as of the fiscal years ended November 30, 2015 and November 30, 2016, the periods covered by the 10-K filed November 3, 2022. The company operates under two brand names, Amgentech and Telco Cuba, and held an MVNO arrangement with Sprint to offer direct calling and texting to Cuba. Management acknowledged in the filing that the absence of additional equity or debt financing would cause the business to fail, and the independent auditor raised going-concern doubts.

Revenue model

No revenue had been generated as of the fiscal years ended November 30, 2015 and November 30, 2016. The intended model is prepaid mobile service plans, including predefined-minute and unlimited-minute plans, sold transactionally to retail subscribers, plus mobile handset and calling card sales.

Products and services

Prepaid mobile voice service plans, VoIP service, mobile phones, and calling cards, marketed under the Telco Cuba and Amgentech brand names. Plans are designed to include low-cost international calling rates, including direct calls and texts to Cuba, via an MVNO arrangement with Sprint.

Customers and end markets

Cuban-American consumers in the United States seeking low-cost prepaid mobile and international calling services. The filing identifies Metro PCS, Boost, and Simple Mobile customers as the primary target subscriber base.

Value-chain role

MVNO (mobile virtual network operator) reselling capacity on Sprint's network. The company sits between network infrastructure providers and end consumers, adding a targeted prepaid service layer for the Cuban-American market.

Geographic exposure

United States only, as of the fiscal years ended November 30, 2015 and November 30, 2016. The filing states that services and devices initially offered are for consumption solely in the United States, with aspirational plans to enter the Cuban telecommunications market at a future date.

Competitors

Metro PCS, Boost Mobile, Simple Mobile

Source: SEC 10-K, filed 2022-11-03

Industry: Telephone Communications (No Radiotelephone)